The following data was collected for Metal Chain Ltd for the year ended 31 October 2018.

Calculate the price, volume and mix variances for the year.

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Budget Budget selling sales units Product price £ ABC 859 6 % Budget Budget gross gross profit profit per unit total £ £ 1,000 25 2.00 2,000 50 2.50 1,000 25 2.20 4,000 100 2,000 3,000 2,200 7,200 Actual Actual selling sales price unit £ 8.20 11.60 10.90 1,224 2,160 216 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