35. Given the following data, calculate total profit variance. Revenue Variable costs Contribution margin Fixed costs Profit before taxes Master Budget $73,000 $23,000 $50,00o $15,000 $35,000 Actual Results $75,000 $20,000 $55,000 $10,000 $45,000 A. $2,000 Favorable. B. $2,000 Unfavorable. C. $10,000 Unfavorable. D. $10,000 Favorable. E. $5,000 Favorable LO2-D 36. The two major components of the total profit variance are: A. B. C. D. E. Sales volume variance and flexible budget variance. Price variance and quantity variance. Sales volume variance and sales mix variance. Flexible budget variance and quantity variance. None of the above. LO2-A 37. The formula for the sales volume variance is: A. (Actual Sales Quantity-Budgeted Sales Quantity) x Actual Unit Contribution Margin B. (Budgeted Sales Quantity-Actual Sales Quantity) x Total Profit Variance C. Flexible Budget Profit-Master Budget Profit. D. (Budgeted Sales Quantity-Actual Sales Quantity)+Total Profit Variance E. (Actual Sales Quantity-Budgeted Sales Quantty)+Actual Unit Contribution Margin LO2-C 38. If the labor efficiency variance is $1,000unfavorable, then: A. Budgeted labor rate exceeded actual labor rate. 8. Actual labor rate exceeded budgeted labor rate. C. Budgeted labor input exceeded actual labor input. D. Actual labor input exceeded budgeted labor input E. None of the above. LO2-D 8-5