Q$.2$ AXIL which is mobile production company provides the following data for its standard and actual budget for the financial year $2020.$

$(20$ Marks$)$

$\backslash$table$[[$Products$,$Budgeted $($Amount in Rs$.),$Actual $($Amount in Rs$.)],[SQ($units$),$SSP$,$Total sales reveruae,$AQ($onits$),$Asp,$\backslash$table$[[$Actual sales$],[$revenoe$]]],[x,1200,15,18000,kP0,18,15840],[Y,800,20,16000,860,20,17600],[$Z$,2000,40,80000,2600,38,100320],[$Tetal$,4000,28\mathrm{.}5,114000,4400,30\mathrm{.}4,133760]]$

AXIL limited appointed a management accountant to trace the difference between standard and actual budget. Here, you need to help management accountant to prepare a report for management. The report should include the following contents:

I. Variances between standard and actual budget.

II$.$ List of factors which are responsible of favorable and unfavorable variance.

III. Identify the controllable and non$-$controllable factors responsible for variance.

IV$.$ Who will be responsible if the variance occurs due to the controllable factors?

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