Calculation of labour, material and overhead variances and reconciliation of budgeted and actual profit You are the management accountant of T ple. The following computer printout shows details relating to April:

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Actual Budget Sales volume 4900 units 5000 units Selling price per unit 11.00 10.00 Production volume 5400 units 5000 units Direct materials kgs 10 600 10000 price per kg 0.60 0.50 Direct labour hours per unit 0.55 0.50 rate per hour 3.80 4.00 Fixed overhead: Production Administration 10 300 10000 3 100 3.000