Mohalalitoe F&E $($pty$)$ Itd manufactures couches. Each couch's standard cost is given below;

Budgeted production and sales units for August $2023$ was $2,000$ tables while actual results were as

follow;

As part of the budgetary control, you are required to;

$($a$).$ Perform detailed variance analysis using data given above, showing each and every sales and

costs variances. $(16$ marks$)$

$($b$).$ Prepare the operating Statement showing a reconciliation between budgeted and actual profit. $(6$

marks$)$

$($c$).$ Provide meaning and implication of the labour rate and efficiency variances calculated above and

also provide two possible reasons for each. $(8$ marks$)$