Jen's Italian Ice shop had anticipated selling 10,000 quarts of gelato in July, but actually sold 13,000. Their original budget was based on a projected selling value of $ 5.00 per quart with variable costs of $4.00 per quart. During July, sales totaled $65,000 and expenses totaled $ 53,000. Quantify the reasons for the difference in their profitability versus their original plan utilizing the flexible budget approach. a) Activity variance FU b) Revenue & Spending Variance FU c) Total Variance FU Provide some additional analysis on the Spending Variance above by calculating the related standard costs variances using the following information: Original budget (standard) of $4 per quart was based on using 2 units of gelato mix with a cost of $2 per unit. They actually utilized 25,000 units of mix at a cost of $53,000 d) Material Price Variance _FU e) Material Quantity Variance FU