$1\mathrm{.}4$

REQUIRED

Use the information given below to calculate the following variances. In each case also state whether the variance is favourable or unfavourable.

$1\mathrm{.}4\mathrm{.}1$ Sales price variance

$(3$ marks$)$

$1\mathrm{.}4\mathrm{.}2$ Sales quantity variance

$(3$ marks$)$

INFORMATION

The budgeted sales of Klicks Enterprises for May $2024$ were $5000$ units. The standard selling price was R$25$ per unit. The standard cost was R$15$ per unit. The actual sales for May $2024$ were $5200$ units at a total value of R$124800.$