Soothing Smoothie Inc. operates small stores in strip malls. It uses smoothles (units) sold as its measure of activity. Quarterly planning budget amounts and actual results for 3rd quarter of 20X1 are given in the table below. Actual Results Revenue & Spending Variances Flexible budget Activity Variances Total Varlance Planning Static) Budget 40.000 Sales (units) 40.500 Revenue ($3.000) $117,450 $120.000 | Expenses COGS ($1.20m) Supplies ($.100) Utilities ($3.000) Wages and salarles ($12,000 - $.2001 Administrative Costs ($18.200 - $0.30q) $52,650 $3,240 $3,200 $18.675 $48.000 $4.000 $3.000 $20.000 $40.000 $30.200 Total expenses $117.765 $105.200 $315) $14.800 Net operating Income (loss) Compute the "Revenue & Spending" variance for "Revenue" for the 3rd quarter. Multiple Choice 52550 52550 $4,0500 $4.050 F