Last period A &B Limited budgeted to sell $1000$ sets for ksh $280,000$ but due to bad trading environment they only managed $840$ sets for ksh $228,400.$ Their production was $900$ sets. They had no opening stock and no work in progress. During the period they suffered breakdowns amounting to $25$ hours during which wages were paid at the normal rates. In addition, $120$ MTS of materials were damaged in the store due to bad stacking. The other costs for the period were as follows

Purchases $(5000$MTS$)59,200$

Wages $(4,450$ hrs$)36,560($includes idle time & pay$)$

Variable o$/$h $18,320$

Fixed o$/$h $83,600$

Selling costs $28,000$

$4,550$ metric tonnes were issued to production

The standard cost card per set was as follows

Materials $(5$ mts @ $12$ksh each$)60$

Labor $(5$ hrs @ ksh $8$ph$)40$

Variable o$/$h $($vary with prodn$)20$

Fixed oh $($@ ksh $16$ per labor hr$)80$

Factory cost per set $200$

Selling and distribution $32$

Total cost $232$

Standard profit $48$

Selling price $280$

Required:

i$)$ Budgeted vs$.$ actual profit for the period $(5$ marks$)$

ii$)$ Detailed variance analysis for the period $(10$ marks$)$