The budgeted and actual results of Powers Inc. for the month of June were as follows. The company uses a marginal costing system. There were no opening and closing inventories. Static Budget Actual Results Sales & Production 2,000 units 2,500 units $ $ $ $ Sales 50,000 62,000 Direct materials 12,000 13,500 Direct labour 9,000 10,000 Variable overhead 5,000 6,500 Other Costs 5,000 5,500 Rent & Rates 7,000 8,000 Total Costs 38,000 43,500 Profit/Loss 12,000 18,500 The following information relates to cost behaviour: Other costs consist of fixed costs of $2,000, plus a variable cost of $1.50 per unit made and sold. What are the Flexible Budget's Profit/Loss, and the related Variance when compared to the Actual Results' Profit