False Question 50 (1 point) Using the following information, compute Revenue Variance. $20,000 Revenue Variable costs Contribution margin Fixed costs Profit Master Budget Flexible budget Actual Results $50,000 $53,000 $52,000 $22,000 $21,500 $30,000 $31,000 $30,500 $7,000 $7,000 $6,000 $23,000 $24,000 $24,500 $1,000 Unfavorable $500 Unfavorable $1,000 Favorable $500 Favorable Question 51 (1 point) Using the following information, compute Material Price Variance Flexible Budget "As-if" Budget Actual