The following data was collected for Metal Chain Ltd for the year ended 31 October 2008. Calculate
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The following data was collected for Metal Chain Ltd for the year ended 31 October 2008.
Calculate the price, volume and mix variances for the year.
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Budget Budget Actual Actual Budget Budget selling sales gross gross Actual Actual gross gross profit profit selling sales profit profit Product price units per unit total price unit per unit total % % ABC C 869 1,000 25 2.00 2,000 8.20 1,224 34 1.90 2,325.60 2,000 50 2.50 3,000 11.60 2,160 60 2.30 4,830.00 1,000 25 2.20 2,200 10.90 216 6 2.20 475.20 4,000 100 7,200 3,600 100 7,630.80
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Authors: Alan Sangster, Frank Wood
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