The following data relate to the latest period.
A statement is to be prepared that reconciles the difference between the flexible budget profit and the actual profit.
Which TWO of the following will appear on this statement? (Choose two.)
A . A favourable labour rate variance.
B . A favourable sales volume contribution variance.
C . An adverse sales price variance.
D . An adverse labour efficiency variance.
E . An adverse material price variance.
Answer: C,D