XYZ Company's budgeted and actual results for last year are as follows:

	Master budget	Actual results
Price	$300	$400
Sales volume (units)	8,000	7,000
Unit VC	$150	$150
Fixed costs	$350,000	$350,000

Required: (a) Compute budgeted and actual revenue, costs and profits:

	Master budget	Actual
Sales volume (units)
Revenue	$	$
Variable costs	$	$
Contribution margin	$	$
Fixed costs	$	$
Profit	$	$

In (b)-(d) below, enter favorable and unfavorable variances as positive and negative numbers, without F or U. (b) How much is the total profit variance? (enter negative numbers with a minus, i.e. enter negative $100 as -100 not ($100) ) $ (c) How much is the activity variance(=sales volume variance)? (enter negative numbers with a minus) $ (d) How much is the revenue variance (=sales price variance)? (enter negative numbers with a minus) $