Calculate each of the following based upon the data below:
		Static Budget	Flexible Budget	Actual Results
	Total Revenue	$4,700,000	$4,800,000	$4,500,000
	Total Costs	4,100,000	4,100,000	4,200,000
	Projected Profit	600,000	700,000	300,000
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
h.	What was the biggest factor in the revenue variance?
i.	What was the biggest factor in the cost variance?