Reference no: EM132549444
Original Budgeted Profit for Year Ended 31 December
Units sold 3,900,000
Budget item (GBP) Per unit Total
Sales revenues - Europe 25.00 97,500,000
Variable costs
Direct materials 4.68 18,252,000
Direct labour 5.90 23,010,000
Variable production overhead 3.90 15,210,000
Variable selling expenses 2.00 7,800,000
Total variable costs 16.48 64,272,000
Income
Contribution from pumps 8.52 33,228,000
Net income from repairs and maintenance 1,050,000
Profits before fixed costs 34,278,000
Fixed costs
Fixed production overhead 5,551,000
Fixed selling expenses 8,567,000
Fixed administration costs 9,585,000
Total fixed costs 23,703,000
Budgeted profit for the year 10,575,000
Question 1: Calculate the total budgeted profits for sales of 4,200,000 units and 4,500,000 units and the sales volume variance (differences in profits from the original budgeted profits) for sales of 4,200,000 units and 4,500,000 units
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