The following profit information was taken from Eastside Hospital's budget data: simple budget: $1.2 million, flexible budget: $1 million, actual results: $500,000 What is the flexible profit variance? (hint an unfavorable variance is identified by a minus sign.) a.) -$200,000 b.) -$500,000 c.) -$700,000 d.) $500,000 e.) $700,000