Given the Following Data, Calculate Total Profit Variance A)$2,000 Favorable

question 49

Multiple Choice

Given the following data, calculate total profit variance. $$\begin{array} { l l l } & \text { Master Budget } & \text { Actual Results } \\\text { Revenue } & \$ 73,000 & \$ 75,000 \\\text { Variable costs } & \$ 23,000 & \$ 20,000 \\\text { Contribution marg in } & \$ 50,000 & \$ 55,000 \\\text { Fixed costs } & \$ 15,000 & \$ 10,000 \\\text { Profit before taxes } & \$ 35,000 & \$ 45,000\end{array}$$

• A)$2,000 Favorable.
• B)$2,000 Unfavorable.
• C)$10,000 Unfavorable.
• D)$10,000 Favorable.
• E)$5,000 Favorable.

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