The following budgeted and actual income statements have been prepared for 2008 for WRL Company Actual (20,000 units) Budgeted (19,000 units) Sales Variable costs $480,000 390.000 $494,000 380.000 Contribution margin $ 90,000 $114,000 Fixed costs 92.000 85.000 Net income (loss) $ (2.000) $ 29,000 6. What was the selling price variance based on 2008 results? a $38,000 favourable b. $40,000 favourable C. $38,000 unfavourable d. $40,000 unfavourable e none of the above 7. What was the sales activity variance based on 2008 results? a. $24,500 favourable b. $6,000 favourable c. $24,500 unfavourable d. $6,000 unfavourable e none of the above 8. What was the variable cost variance for 2008? a. $9,500 favourable b. $10,000 favourable c. $9,500 unfavourable d. $10,000 unfavourable e none of the above