Budgeted sales
8000 Selling price variance
Sales volume variance (1600)U
(2735)U
Actual sales
6400 Standard cost of sales
4800
Standard operating profit 1600 Cost variances Direct material price
(100)U
(80)U
Direct
material usage (220)U
(280)U
Labour rate
(150)U
(130)U
Labour efficiency
(200)U
(300)U
Variable
overhead spending (180)U
(300)U
Variable overhead efficiency
(250)U
(275)U
Fixed overhead spending
(120)U
(150)U
Fixed overhead volume- Operating profit 540
Exhibit 2 Unit standard costs and selling price 2000 Unit Standard cost
0.50
Direct material 0.75 Direct labour
0.50
Variable overheads 1.25 Fixed overheads
3.00
Actual unit selling prices 4.00 5.47
Exhibit 3 Records of production and sales Share with your friends: 
