Fortune Chemicals Ltd. has submitted to you the following data for the month of July, 2021 Per Unit Budget Per Unit Actual 1,000 2,000 20,00,000 1,200 2,500 30,00,000 A Turnover Total Sales of Product X Price Sales Value Consumption of Material for one Kg. of Finished Product B and Total Consumption -A -B Price of Materials -A -B Total Cost of Materials C Gross Margin 4 10 4,000 10,000 cou 5 8 6,000 9,600 20 25 18 32 80,000 2,50,000 3,30,000 16,70,000 1,08,000 3,07,200 4,15,200 25,84,800 Find out the reasons for Gross Margin Variance between budget and actual performance separately for reasons of variances in turnover and material consumption