Scarlett Ltd is a manufacturing company that operates flexible budgeting. The sales budget for Scarlett Ltd was 100,000,

the budget for fixed costs was 40,000.

Actual sales for the year are 111,000.

The flexed budget statement when compared to actual results show that fixed costs are equal to budget, that actual variable costs are 48,500,

that there is an overall favourable profit variance compared to flexed budget of 7,500 and a favourable price variance of 1,000.

Calculate the original unflexed budgeted profit for the period