P.20.6 You are appointed cost accountant of Zed Itd. Given below is the company's operating report for the month of March: j67 400 Standard and variances Actual Sales (budgeted) 218,000 Variance due to Volume of orders 1.000 Selling prices 400 219,400 Profit (budgeted) 3,800 Variance due to Sales volume 240 Sales price 4,440 Production cost variances Labour-rate (250) -efficiency (100) (350) Material price 150 -usage (60) 90 Overhead-expenditure (fixed) 100 -variable (250) -efficiency 200 - capacity 100 150 Operating profit 4,330 Your assistant provides the following information about sales and costs for the month of April: Product Budgeted units Sales value Actual units Sales value 250 210,000 280 210,800 B 200 6,000 190 5,500 150 180 3,500 19,000 19,800 3,000 Product A B Standard selling prices per unit 340 30 20 Standard product costs per unit 231 25 15 0.90 4,000 4,400 4,500 4,260 Labour: Standard labour cost per hour Budgeted hours Actual clocked hours Standard hours produced Actual labour costs Material: Standard costs of material actually used Standard costs of material allowed Actual costs of material used Overheads: Budgeted rates of overheads recovery per Labour-hour Fixed Variable Total 5,230 5,330 5,430 0.50 1.00 1.50 Actual overhead costs Fixed 2,000 Variable 4,300 6,300 Prepare the operating statement for the month of April in the same form as for the month of March Total