Task The profit budget for the Crocker Company for January 2007 was as follows. Sales Variable cost of sales Sales Standard cost of sales Gross Profit Selling expense Research & Development expense 300 120 Administrative expense Total expense Net profit before teves The product information used in developing the budget was as follows: Sales-units (000) Price per unit Standard cost per unit Material Direct labour Variable overhead 250 Sales Standard cost of sales Net standard cost of variances Actual cost of sales Gross profit Selling expense Research & Development expense Administrative expenses Sales (units) Sales price Production E 1000 0.15 Prepare an January 2007. 0.04 0.02 0.02 0.08 20 0.10 Total variable cost Fixed overhead (000) Total standard cost The actual revenues and costs for January 2007 were as follows: Total expense Net Loss Operating statistics for January 2007 were as follows: E F 1000 0.13 1000 2000 0.20 0.05 0.02 0.03 0.10 60 0.13 F 1000 0.22 1000 G 3000 0.25 0.06 0.03 0.03 0.12 60 0.14 G 4000 0.22 2000 * 498 278 2500 1620 880 H 670 210 4000 20.30 0.08 0.04 0.05 0.17 160 0.21 * (000) 2160 1420 160 1580 580 290 250 110 650 * (70) H 3000 70.31 2000 Actual manufacturing costs (000) Material 360 Labour 200 Overhead 530 analysis of variance between actual profits and budgeted profits for