Intermediate P Limited has the following data relating to its budgeted sales for October:

During October actual sales were 11 000 units for a sales revenue of £99 000.
P Limited uses an absorption costing system. The sales variances reported for October were:

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Budgeted sales Budgeted selling price per unit Budgeted contribution per unit Budgeted profit per unit 100 000 8.00 4.00 2.50