Q3. STANDARD COSTING For Heaven's Cakes, a local Japanese cheesecake reseller, produced the following summary of its budget and actual sales and costs. For Heaven's Cakes purchases each cheesecake from You Bake Me Crazy under contract for $2.00 - there is no production process. Volume Selling price Variable materials Fixed labour & other costs Budget Actual 10,000 10,500 $ 4.45 $ 4.35 $ 20,000 $ 22,000 $ 25,000 $ 24,500 a. A master budget versus actual report for For Heaven's Cakes would show the profit variance for the period as: b. Using a flexible budget, a variance analysis would show the sales price variance for For Heaven's Cakes as: c. Using a flexible budget, a variance analysis would show the sales quantity variance for For Heaven's Cakes as