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Phoenix Management helps rental property owners find renters and charges the owners one-half of the first months rent for this service. For August 2022, Phoenix expects to find renters for 100 apartments with an average first months rent of $700. Budgeted cost data per tenant application for 2022 follow:

• Professional labor: 1.5 hours at $18.00 per hour
• Credit checks: $52.00

Phoenix expects other costs, including the lease payment for the building, secretarial help, and utilities, to be $3,300 per month. On average, Phoenix is successful in placing one tenant for every three applicants.

Actual rental applications in August 2022 were 240. Phoenix paid $6,900 for 350 hours of professional labor. Credit checks went up to $57 per application. Other costs in August 2022 (lease, secretarial help, and utilities) were $3,800. The average first monthly rentals for August 2022 were $840 per apartment unit for 80 units.

Required:

1. (a) What is the master budget variance for August 2022? (b) What is the total flexible budget variance for the month? (c) What is the sales volume variance for the month?

2. Determine the professional labor rate and labor efficiency variances for August 2022.