Given the following:

Budget Actual Total revenues $12,000,000

Total variable expense $7,440,000

Total fixed expense $3,600,000

Net profit before tax $960,000

Actual Total revenues $11,400,000 Total variable expense $7,240,000 Total fixed expense $3,480,000 Net profit before tax $680,000 Actual variable expense $ variance from (adjusted) budget Actual fixed expense $ variance from (adjusted) budget