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Calculate the sales volume variance for sales

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Reference no: EM132930742

Question - BC Bank has an budgeted average lending rate of 11% and budgeted average cost of funds is 6%. Ignore capital. RBI has imposed a Cash reserve ratio of 5% and Statutory liquidity ratio of 22% of net demand and time liabilities (total deposits). For the year 2020-21, they had planned to procure Rs. 20,000 crores of deposits. Actually they procured Rs 25,000 crores and had an interest expense of Rs. 1,250 crores in the year 2020-21. They had lent Rs. 17,250 crores and earned an interest of Rs. 1,552.50 crores. Ignore all other costs and overheads. Solve this in excel sheet only and upload.

Required - Calculate the following:

a. Price variance

b. Sales Volume variance for sales

c. Input price variance

d. Input efficiency variance

Reference no: EM132930742

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