Using amounts from "professor" as ACTUAL results (RED box with BLACK numbers), prepare a variance analysis between your own(students) BUDGET and my actual results. You should present three variances: (1) the $ change in profit due solely to me selling more or less units (i.e., sales revenue volume variance), (2) the $ change in profit due solely to me selling units at a higher or lower price (i.e., sales revenue price variance), and (3) the $ change in profit due solely to me producing more or less units (most similar to direct materials production volume variance). Cups Cups price sold produced profit professor $1.35 105 126 $105.75 student $1.00 200 210 $140.00