Question 8 (2.5 points) Using the following information, compute Total Profit Variance Revenue Variable costs Contribution margin Fixed costs Profit Master Budget $50,000 $20,000 $30,000 $7,000 $23,000 Flexible budget Actual Results $53,000 $52,000 $22,000 $21,500 $31,000 $30,500 $7,000 $6,000 $24,000 $24,500 $1,500 Favorable $500 Unfavorable $1,500 Unfavorable $500 Favorable Welsh Company expects sales of Product W to be 70,000 units in April. The beginning inventory of April were 35,000 units of Product W. The desired ending inventory of April was 25,000 units. Given this information, Welsh Company's budgeted production of Product W for April should be: 60,000 units 130,000 units 10,000 units 80,000 units