Use the following Information for questions 5 through a. The following budgeted and actual income statements have been prepared for 2008 for WRL Company: Actual Budgeted {20,000 units) (19,000 units) Sales $480,000 $494,000 Variable costs 390,000 380,000 Contribution margin $ 90.000 $114,000 Fixed oosts 92,000 85,000 Net income 0055) M M 6. What was the selling price variance based on 2008 results? a. $35,000 favourable b, $40,000 favourable c. $33,000 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, $5,000 favourable c. $24,500 unfavourable d. $5,000 unfavourable e. none of the above 3. 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