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Green Meadows Limited's sales have been severely affected by the heavy rainfall on the east coast of Australia this year as users of the product

Green Meadows Limited's sales have been severely affected by the heavy rainfall on the east coast of Australia this year as users of the product spent less time spraying their lawns with their product. This led to the company reducing the sell price to move more product. The sales and costs budgeted, and the actual sales and profit outcomes are shown below for one of its product lines: Budgeted sales: Budgeted unit sell price: $9.00 Budgeted unit variable costs: $6.30 Budgeted unit contribution margin: $2.70 Budgeted sales volume/quantity 150,000 Actual Sales data: Actual unit sell price $8.50 $6.30 $2.20 120000 $1,188,000 Unit variable cost: Contribution margin per unit: Total units sold: Total revenue: Required: Calculate the Sales Price Variance (2 Marks)

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