Use the information below to answer the following question(s) .Urban Body Products Ltd.manufactures body wash liquid soap.The controller has provided the following information and stated that standard costing is used for manufacturing, marketing, and administrative costs. 
There were no beginning or ending inventories of materials or work-in-process.
-Which of the following variances exists only under absorption costing?
Definitions:
Capital Structure
The capital structure is the mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which is used to finance its overall operations and growth.
Book Values
The net value of a company's assets, as recorded in its financial statements, minus its liabilities and intangible assets.
Market Value
The estimated amount for which an asset or company could be sold on the open market.
Retention Ratio
The portion of a company's earnings that is not distributed as dividends but is retained by the business for reinvestment.
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