Question 2 Charlie plc. produces a single product, "Xenon". The product requires a single operation, and the standard cost for this operation is presented in the following standard cost card: evenly throughout the uverneans are 600,000 and are assumed to be incurred profit measurement. Charlie plc. planned to produce and sell 2,500 units of Xenon in the month of April and actual results for April are shown below. Actual result for April: Required: (a) Calculate budgeted profit for the month of April. (b) Calculate the production cost and sales margin variances. (c) Reconcile the difference between actual and budgeted profit. (d) Identify possible reasons for the sales, materials and labour variances