Complete the following budget variance analysis problem, compute percentages, and calculate the operating income before taxes (Chapter 1 ): Static Budget Variance Analysis for an Open Imaging Center Profit variance=Actual profit-5tatic profit Revenue variance=Actual revenues .Static revenues Cost varianceastatic costs-Actual costs The formula for calculating operating income is: Operating Income - Revenue - Cost of Goods Sold (CoGS), Labor, and other day-to-day expenses (Operating income is also called Eamings Before Interest and Taxes (EBIT)\}. Key="F" "Favorable" variance, while "U"m "Unfavorable" variance