Analyze budget variances and recommend corrective actions.

Item	Budgeted Amount ($)	Actual Amount ($)
Sales	$1,000,000	$950,000
Variable Costs	$600,000	$580,000
Fixed Costs	$200,000	$210,000
Units Sold	10,000 units	9,500 units

Requirements:

Calculate the sales revenue variance and sales volume variance.

Calculate the variable cost variance and fixed cost variance.

Discuss the impact of variances on profitability and recommend actions to improve performance.