Budget Variance Analysis The budget and actual results of Wise Limited for September 2018 were as follows in Rwf'000 Budgeted Actual Variance Sales and production in 1,000 7,000 units Sales 20,000 14,200 5,800 (A) Variable costs of sales Direct material 8,000 5,200 2,800 (F) Direct labor 4,000 3,100 900(F) Variable overhead 2,000 14,000 1,500 9,800 500(F) 4,200 (F) Contribution Fixed cost 6,000 4,400 1,600(F) 5,000 5,400 400(A) Profit 1,000 (1,000) 1,000(A)