Reconcile budgeted with actual profit

Budgeted and standard cost data are as follows: Budgeted sales and production for the month is 14,000 units Standard cost for each unit of product: Direct material: 10kg at Gh 2 per kg ge B Direct wages Skg at Gh 10 per kg 5 hours @ Gh 6 per hour 30 UC = 100 +60 Gh 600,000 Budgeted fixed overheads are Budgeted sales price has been calculated to give a contribution of 60% of sales price. Actual data for the month ended 31 October, 2010 are as follows: Production: 12,500 units sold at a price 15% higher than the budgeted. Direct material consumed: 126,316 kg at Gh 2.40 per kg ULA B 63.158 kg at Ghe 9.4 per kg 2,300,0 303 593 387 B Direct wages incurred was 60,526 hours at Gh 6.4 per hour. Fixed production overhead incurred was Ghe 580,000.00