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	2,500 units		2,000 units
	$	$	$	$
Sales		60,000		51,000
Direct materials	12,500		12,000
Direct labour	10,000		8,000
Variable overhead	5,000		4,500
Other Costs	5,000		5,500
Rent & Rates	7,500		7,000
Total Costs		40,000		37,000
Profit/Loss		20,000		14,000

The following information relates to cost behavior: 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?