Imagdi Corporation (a 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 US dollars. Relevant information in Argentine pesos (ARS) for the current year is as follows: Cin ARS) Revenues Budget 40,00e, cee 30,000,000 se, eee, eee 42,000,000 Current year actual and projected exchange rates between the ARS and the US dollar (USD) are as follows: Projected ending at time of budget preparation Actual at end of budget period USD 0.06) 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 (5126,000). Required: Calculate the tow 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 $25,000 O rance (worst) $6,000 Variance untevorable 5182.000 Variance unfavorables ($132.000 Required: Calculate the total budget variance for the current year translating the budget at the projected ending exchange rate and translate actual results using the actual ending date Variance unfavorabies ($125,000) Variance favorable} $125.000 O r ience unfavorable) $182.0001 Variance unfavorable $132000)