11. Chelsea Clinic's static budget, flexible budget and actual expense information for 2018 is listed below. To make the following problems easier I have summarized the following three financial statements side by side - static budget, flexible budget and actual results. Assumptions: Blue Cross Visits Highmark Visits Total Visits Static Budget 36,000 54,000 90,000 Flexible Budget 40,000 60,000 100,000 Actual Results 40,000 60,000 100,000 Revenues Blue Cross Highmark Total $ $ $ 900,000 $ 1.080.000 $ 1,980,000 $ 1,000,000 $ 1,200,000 $ 2.200,000 $ 1,120,000 1,080,000 2,200,000 Costs Variable: Labor Supplies Total Variable Fixed Costs Total Costs $ $ $ S $ 1,200,000 $ 150,000 $ 1,350,000 $ 500,000 $ 1,850,000 $ 1,333,333 $ 166,667 $ 1,500,000 $ 500,000 $ 2,000,000 $ 1,400,000 225,000 1,625,000 500,000 2,125,000 Profit $ 130,000 $ 200,000 $ 75,000 Based on this information, calculate profit variance. Hint: This is actuals compared to static budget. Choice: $105,000 Choice: $45,000 Choice: ($0) Choice: ($55,000)