Wolfpack Inc. operates concession stands at a college football stadium. It uses sodas sold as its measure of activity. Monthly planning budget amounts and actual results for the month of October are given in the table below. Actual Revenue Flexible-budget Activity Planning Total Variances (Static) Variance Budget Results & Spending Variances 30,000 Sodas sold 30,000 Revenue $105,500 $112,000 ($3.50g) Expenses: COGS |($1.00q) Wages $31,000 $32,000 $11,800 $12,200 and salaries |($9,000 + $.10q) $4,400 $4,800 Supplies ($.15q) $5,550 $5,600 Insurance ($5,000 + $.05q) Rent $3,800 $4,000 |($4,000) Total $56,550 $58,600 expenses Net $48,950 $53,400 operating income Compute the "Revenue & Spending" variance for Insurance for October