Village PieMaker, Inc. bakes pies for restaurants in the Pacific Northwest. The company operates three departments: CoConut, BlueBerry, and ApPle. Department managers are held responsible for generating revenue and controlling costs. The following information for the CoConut department was compiled for the previous period: Assuming variances are separately calculated for each line item listed above, which of the following statements is correct? Total fixed costs in the flexible budget are $5,500. The product line is considered a cost center and a revenue center. The volume variance for sales revenue is favorable, and the flexible budget variance for sales revenue is also favorable. The master budget variance for fixed costs varies from the flexible budget variance for fixed costs. Variable operating costs have offsetting flexible budget variances and volume variances, leading to a master budget variance of $0