The following information was provided to you by the accounting department of Hand-Made (Pty) Ltd. You may assume for this part of the question that the political party did not order t-shirts from the company for their campaign.
Budget Actual Variance
Units sold 95 000 92000 -3000
R R R
Sales 11 400 000 10 000 000 -1 400 000
Material: T-shirt 1 900 000 1 900 000 0
Material: Printing 1 425 000 1 420 000 5000
Labour: T-shirt 2 375 000 2 400 000 -25 000
Labour: Printing 950 000 900 000 50 000
Variable Overheads 570 000 550 000 20 000
Fixed Overheads 290 000 300 000 -10 000
Prepare the flexed budget and calculate all applicable variances
