Flash forward: as 2022 comes to a close, the manager is going through their books. They find that they actually provided 5500 meditation services. 500 of those services were provided during the mid-summer promotion offering the sessions for $10 each. The remaining 5,000 were sold at $25.

The Spring actually provided 5,500 exercise sessions. 200 of these were sold during the summer promotion at $20 each. 5,300 were sold at $35.

Personal Trainer and Meditation Counselor payment rates remained the same as expected.

1. What is The Springs Actual Operating Budget? (10 points)

2. What is the Springs profit variance? Is this favorable or unfavorable? (2 points)

3. For each of the 2 service lines, Meditation and Exercise, (Calculate these variances separately for each service line) What is The Springs: (8 points)
   1. Revenue Variance
      1. Meditation Variance
      2. Exercise Variance
   2. Cost Variance
      1. Meditation Variance
      2. Exercise Variance