Question 30 1 pts VUV The budgeted and actual results of Monster Company Limited for September 2015 were as follows: The Company uses marginal costing system. There were no opening a closing inventories. Cost / Revenue Production & sales Budgeted Result 1000 units Actual Result 700 units C 30,000 21,200 Sales Variable cost: Direct material Direct labour Variable overhead Contribution Less fixed cost Net profit/ loss 10,000 5,000 3,000 6,600 3,800 2,200 (18,000) 12,000 10,000 2.000 (12,600) 8,600 10,600 1.800 Determine the profit variance