Question 19 Below is data for Jewelry by Jessica for the month of October. Master Budget Flexible Budget Actual Results Revenue $40,000 $64,000 $76,800 Variable costs $24,000 $38.400 $44.800 Contribution margin $16,000 $25,600 $32,000 Fixed costs $5.000 $5,000 $7,500 Profit before taxes $11,000 $20,600 $24,500 What statement below is true? P20,000 $24,500 What statement below is true? Profit variance is $13.500 F and the sales price variance is $12,800 U Fixed costs spending variance is $2.500 F and the sales price variance is $9,600 F Sales volume variance is $9,600 F and the sales price variance is $12,800 F Profit variance is $13,500 F and the sales volume variance is $9,600 U Sales volume variance is $12,800 F and the sales price variance is $9,600 U