Chelsea Clinic's static budget, flexible budget and actual expense information for 2020 is listed below. To make the following problems easier I have summarized the following three financial statements side by side - static budget, flexible budget and actual results. You may recognize that these numbers are the same to what you have worked out prior. I gave this to you, not only to help out with your homework but also in case you got some of the numbers wrong in the previous section(s). Assumptions: Blue Cross Visits Highmark Visits Total Visits Static Budget 36,000 54,000 90,000 Flexible Budget 40,000 60,000 100,000 Actual Results 40,000 60,000 100,000 Revenues Blue Cross Highmark Total $ 900,000 $ $ 1,080,000 $ $ 1,980,000 $ 1,000,000 $ 1,120,000 1,200,000 $ 1,080,000 2,200,000 $2,200,000 Costs Variable: Labor S Supplies $ Total Variable $ Fixed Costs $ Total Costs $ 1,200,000 $ 150,000 $ 1,350,000 $ 500,000 $ 1,850,000 $ 1,333,333 $ 1,400,000 166,667 $ 225,000 1,500,000 $ 1,625,000 500,000 $ 500,000 2,000,000 $ 2,125,000 Profit $ 130,000 $ 200,000 $ 75,000 Based on this information, calculate profit variance. Choice: $105,000 Choice: $45,000 Choice: ($0) Choice: ($55,000)