Question:
Budgeted and actual sales for a period of two products are given as follows:
|
Budgeted
|
Actual
|
|
Qty (kg)
|
Rate (Rs.)
|
Amount (Rs.)
|
Qty (kg)
|
Rate (Rs.)
|
Amount (Rs.)
|
|
Product P
|
1,000
1,200
|
5
|
5,000
12,000
|
1,200
1,110
|
6
9
|
7,200
9,990
|
|
Product Q
|
1,200
|
10
|
12,000
|
1,110
|
9
|
9,990
|
|
2,200
|
|
17,000
|
2,310
|
|
17,190
|
Standard Cost per unit of product P and Q were Rs. 4 and Rs. 7, respectively.
Calculate SVVs and SMVs.