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Original Budget Actual Results Notes Flexed budget Output 700 units 750 units 750 units 7000/700=10 Sales revenue 7 000 8 500 7 500 10

Original Budget Actual Results Notes Flexed budget Output 700 units 750 units 750 units 7000/700=10 Sales revenue 7 000 8 500 7 500 10 x 750 1750/700=2.5 Raw materials (1 750) (1 600) (1 875) 2.5 x 750 560/700=0.8 Labour (560) (750) (600) 0.8 x 750 Fixed overheads (2500) (2 700) (2500) Operating profit 2190 3450 2525 Use the information above to calculate the sales price variance. When providing your answer use no spaces or commas and indicate a decimal space with a full stop. Answer:

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