Help Save & Ext 5 Check my Imogdi Corporation ( US-based company has a wholly-owned subsidiary in Argentina, whose manager is being evaluated on the basis of the variance between actual profit and budgeted profit in U.S. dollars. Relevant information in Argentine peso (ARS) for the current year is as follows (in ARS) Revenues Expenses Budget 40,000,000 30,000,000 Actual 50,000,000 42,000,000 Current year actual and projected exchange rates between the ARS and the US dollar (USD) are as follows: Actual at time of budget Projected ending at time of budget preparation Actual at end of budget period USD 0.063 per ARS 1 USD 0.058 per ARS 1 USD 0.056 per ARS 1 Required: Calculate the total budget variance for the current year translating the budget at the initial exchange rate and translate actual results using the ending exchange rate. Multiple Choice O Variance (unfavorable) ($126,000). Required: Calculate the total budget variance for the current year translating the budget at the initial exchange rate and translate actual resu exchange rate. Multiple Choice O Variance (unfavorable) ($126,000). Variance (favorable) $126.000. Variance (unfavorable) ($182,000). Variance (unfavorable) ($132,000).