The following are the budgeted and actual income statements for Baxter Ltd for the month of July: Budget 1.000 units Actual 1,050 units Output (production and sales) Sales revenue Raw materials Labour Fixed overheads Operating profit 100,000 (40,000) (40,000 metres) (20,000) (2.500 hours) (20,000) 20.000 104,300 (41,200) (40,500 metres) (21.300) (2.600 hours) (19,400 22.400 The following are the budgeted and actual income statements for Baxter Ltd for the month of July: Budget 1.000 units Actual 1,050 units Output (production and sales) Sales revenue Raw materials Labour Fixed overheads Operating profit 100,000 (40,000) (40,000 metres) (20,000) (2.500 hours) (20,000) 20.000 104,300 (41,200) (40,500 metres) (21.300) (2.600 hours) (19,400 22.400