For a month, the budgeted and actual fi gures for the sales are as follows:

Calculate the sales variances:

(a) With reference to turnover.

(b) With reference to profi ts, if the budgeted cost for different products are:

I Rs. 1.50 II Re 0.80 III Rs. 2.00 IV Rs. 3.00

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Budget Actual Product Quantity Price Rs. Value Rs. Quantity Price Rs. Value Rs. = IV 10 2050 2 40 10 1 10 m m 3 15 3.50 35 5500 15 2 30 15 1.50 22.50 10 2.50 25 10 3 30