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1. ABC PLC is a fertilizer producer which specializes in the manufacture of NHK-II (a chemical fertilizer). Following information relates to the sale of

1. ABC PLC is a fertilizer producer which specializes in the manufacture of NHK-II (a chemical fertilizer). Following information relates to the sale of fertilizer by ABC PLC during the period: Material Quantity Actual Price Standard Price NHK-II 200 tons Rs. 380/ton Rs. 400/ton Budgeted quantity of sales is 210 tons and standard variable cost per unit is Rs. 250. Calculate; Sales price variance Sales volume variance

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