. 01: The following profit reconciliation statement summ es t performance of one of SEWs products for March. CE) Budgeted profit Sales volume variance Standard profit on actual sales Selling price variance 4250 850A 3400 4000A (600) Adverse Favourable Cost variances: Direct material price Direct material usage Direct labour rate Direct labour efficiency Variable overhead expenditure Variable overhead efficiency Fixed overhead expenditure Fixed overhead volume Actual profit 1 000 150 200 150 600 75 2500 150 2475F 1875 75 1175 3650 . 01: The following profit reconciliation statement summ es t performance of one of SEWs products for March. CE) Budgeted profit Sales volume variance Standard profit on actual sales Selling price variance 4250 850A 3400 4000A (600) Adverse Favourable Cost variances: Direct material price Direct material usage Direct labour rate Direct labour efficiency Variable overhead expenditure Variable overhead efficiency Fixed overhead expenditure Fixed overhead volume Actual profit 1 000 150 200 150 600 75 2500 150 2475F 1875 75 1175 3650