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JJM Corporation's master budget along with actual results, are presented below: Actual Budgeted Sales $205,000 $204,000 Cost of goods sold 65.000 62,000 Gross Profit 140,000

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JJM Corporation's master budget along with actual results, are presented below: Actual Budgeted Sales $205,000 $204,000 Cost of goods sold 65.000 62,000 Gross Profit 140,000 142,000 Research and development cost 20,000 25,000 Marketing costs 45,000 45,000 Which items in the table above have ur favorable master budget variances? Gross Profit and research and development expense Cost of goods sold and sales Marketing expense and cost of goods sold Gross Profit and cost of goods sold

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