Your budget

Price- $0.50

Cups sold-190

Cups produced- 220

Profit- $51.00

Actual budget

Price- $0.55

Cups sold-163

Cups produced- 215

Profit- $46.65

Prepare a variance analysis between your budget and my actual. You should present three variances: (1) the difference in profit due to me selling more or less units, (2) the difference in profit due to me selling units at a higher or lower price, and (3) the difference in profit due to me producing more or less units.