Use the following information to answer Questions 1 through 5. Tasty Treats (TT) is a manufacturer of liters of eggnog that it distributes to local grocers. The owner has provided the following information about its operations for the month of November (q is the number of liters sold}: Master Budget Actual Results Liters Sold 5,000 4,800 Revenue $15q $72,000 Cost of eggnog $6.60q $31,584 Other variable costs {wages & utilities) $1.50q $6,960 Rent $10,000 $10,000 Other xed costs (insurance & $2,500 $2, depreciation} Net Operating Income $22,000 $20,956 Question 1 1 pts Compute the amount of revenue that will appear on TT's flexible budget for the month of November. O $70,000 O $75,000 O $72,000 None of the above. Question 2 1 pts Compute the amount of profit that will appear on TT's flexible budget for the month of November. O $20,620 O None of the above. O $22,000 O $21,520Question 3 1 pts The amount of the overall activity variance for November is $1,380 Favorable. True False Question 4 1 pts Compute the total spending variance for the variable costs in November. $123 Unfavorable O $240 Favorable None of the above. O $336 Favorable