Chatham Clinic has accumulated the following information regarding its patient visits: Static budget: Patient visits: 1,500 Variable cost per visit: $50 Fixed costs: $100,000 Actual results: Patient visits: 1,400 Variable cost per visit: $55 Fixed costs: $100,000 What is the management variance for Chatham Clinic? (Points : 2)

$2,000 favorable $2,000 unfavorable $7,000 favorable $7,000 unfavorable $5,000 favorable