Clarissa's Cupcakes provides you with the following data for March:
............................................Master Budget............... Actual Result
Sales (# of cupcakes)............................... 4,000......................... 4,500
Sales price per cupcake............................ $2.50.......................... $2.40
Variable cost per cupcake.......................... $1.00.......................... $1.00
Fixed costs ..........................................$2,000........................ $2,000
Required:
a. What is Clarissa's total profit variance for March?
b. What is Clarissa's sales volume variance for March?
c. What is Clarissa's sales price variance for March?