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Calculate each of the following based upon the data below: Static Budget Flexible Budget Actual Results Total Revenue $1,980,000 $2,060,000 $2,050,000 Total Costs 1,350,000 1,675,000

Calculate each of the following based upon the data below: Static Budget Flexible Budget Actual Results Total Revenue $1,980,000 $2,060,000 $2,050,000 Total Costs 1,350,000 1,675,000 1,790,000 Projected Profit 630,000 385,000 260,000 a. Profit variance b. Revenue variance c. Cost variance Revenue variances: d. Volume variance e. Price variance Cost variances: f. Volume variance g. Management variance

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