The following data was collected for Metal Chain Ltd for the year ended 31 October 20X8. Calculate
Question:
The following data was collected for Metal Chain Ltd for the year ended 31 October 20X8.
Calculate the price, volume and mix variances for the year.
Transcribed Image Text:
Budget Budget selling sales units Product price £ A B C 6 9 98 8 % 1,000 25 2,000 50 1,000 25 4,000 100 Budget Budget gross profit per unit £ 2.00 2.50 2.20 gross Actual Actual profit sales total unit £ 2,000 3,000 2,200 7,200 selling price £ 8.20 1,224 11.60 2,160 10.90 216 3,600 % 34 60 6 100 Actual gross profit per unit £ 1.90 2.30 2.20 Actual gross profit total £ 2,325.60 4,830.00 475.20 7,630.80
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Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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