Prepare a variance analysis between the budget and actual. You should present three variances: (1) the difference in profit due to selling more or less units, (2) the difference in profit due to selling units at a higher or lower price, and (3) the difference in profit due to producing more or less units. 4) In terms of variances, discuss the budget and the actual performance and changes needed to make in the budget.

	Price	Cups Sold	Cups Produced	Profit
	$0.65	122	148	$49.70
	$0.65	196	258	$75.80
	$0.65	166	208	$66.30
	$0.65	26	68	$3.30
	$0.65	44	88	$11.00
	$0.60	118	168	$37.20
	$0.60	188	238	$65.20
	$0.60	98	138	$31.20
	$0.60	158	168	$61.20
	$0.60	158	178	$59.20
Actual	$0.62	128	163	$46.76
Budget	$0.50	280	290	$82.00