Calculate the following variances for the year ended 31 December 2021

(i) The sales price variance for each type of valet

(ii) The sales volume variance for each type of valet

(iii) The sales mix variance

(iv) The sales quantity variance

Doyle Lid is a car valeting company that has been badly affected by the covid-19 pandemic. The market for car valeting has declined due to people not using their cars as much during periods of lockdown. Doyle Lid offer two services - a full valet (FV) for $50 or a part valet (PV) for E30. Until recently they had 4 competitors of similar size in the local area but one of those closed down in January 2021. The budget and actual results for the year to 31 December 2021 were as follows: Budget Actual FV PV FV PV Number of valets 7,200 4,000 8,000 7,500 E E E Sales 360,000 100,000 380,000 210,000 Cleaning Materials used (12,200) (2,800) (21,000) (6,000) Labour costs (180,000 (36,000) (200,000) (75,000) Variable Overheads (12,000) (3,000) (16,000) (5,000) Fixed Overheads (55,000) (25,000) (55,000) (25,000) Operating profit 100,800 33,200 88,000 99,000