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.

Cups Sold Produced Price per cup Profit 160 $40.00 140 $32.00 160 $58.00 280 $82.00 140 $26.00 230 $74.00 220 $52.00 240 $72.00 130 $28.00 280 $64.00 S0.60 S0.60 S0.60 S0.60 S0.60 S0.60 S0.60 S0.60 S0.60 S0.60 120 100 150 230 90 200 160 200 90 200 $0.60 $0.60 $0.44 198 $52.80 200 $52.40 173 $ 24.70 154 Actual 154 Budget 134