Question 2 Murray had the following budget and actual results during a period Original budget actual Sales units 1,000 1,380 Sales revenue $100,000 $133,860 Direct material 40,000 57,800 Direct labour 20,000 27,000 Variable overhead 15,000 18,600 Fixed overhead 10,000 11,000 Profit 15,000 19,460 Prepare a flexed budget showing the total profit variance. State whether the variance is favourable or adverse