Scarlett Ltd is a manufacturing company that operates flexible budgeting. The sales budget for Scarlett Ltd was $100,00 , the budget for fixed costs is $ 40,000 . Actual sales for the year are $100,00 . The flexed budget statement when compared to actual results show that fixed costs were equal to budget , that actual variable costs are $447,000, that there is an overall favourable profit variance compared to flexed budget of $7,500 and a favourable price variance of $11,000. Calculate the original budget profit for the period