STANDARD COSTING2 Manufacturing overhead5,00,000.00 Selling and distribution expenses50,00,000.00 Administration expenses40,00,000.00 Operating profit - 42,09,133.33 Less: taxes- Net Income - 42,09,133.33 Task 2: Budgeted profit 129486 7 Sales Volume variance Priorit yTeamShopTotal Sales Mix variance (Actual units sold- units sales at standard mix)*st andard profit per unit 4,99, 106.67 36, 640.00 - 1,66,61 3.33 3,69, 133.33 F3,69, 133.33 Sales quantity variance (Budget ed sales - Unit Sales at Standar d Mix)*St andard contribu tion per unit 25,31, 700.00 7,50, 933.33 - 3,64,00 0.00 29,18, 633.33 U - 29,18,6 33.33
STANDARD COSTING3 Market share variance (Actual market share %- budgete d market share %)*Tot al market in units/pr ofit margin per unit - 139.32-89.08 - 532.39 - 760.80 U- 760.80 Market size variance (Weight ed average price average of each product *(actual market size- budeted market size)*bu dgeted market share-0.14-0.12-0.13-0.39 U -0.39 Conversion costs (Actual- budget) 35,56, 394.00 Selling price variance (Actual sales revenue -Actual sales revenue at budgete d price) 14,79, 700.00 - 6,15,7 00.00 - 27,83,1 00.00 - 19,19,1 00.00 U - 19,19,1 00.00 Manufacturing Costs (Actual- budget) - 39,910. 00 U - 39,910. 00 Selling and Distributing Expenses Variances (Actual- budget) - 7,61,60 0.00 U - 7,61,60 0.00 Other Operating(Actual-4,15,4,15,
STANDARD COSTING4 expensesbudget)550.00 F 550.00 Actual profit - 4,060.1 9