-Using the data provided in Extract B, calculate the profit variance for July only.

Extract B Extract from the Budget for Propercakes Lid, June & July 2015 June (9) July (E) Budget Actual Variance Budget Actual Variance Sales Revenue 132,450 126,340 6, 1 10 A 159,220 140,850 18,370 A Costs Fixed Costs 12, 1 10 12,200 90 A 12, 1 10 12,200 90 A Wages 32,060 30,240 1,820 F 34, 180 30,000 4, 180 F Other Variable Costs 51,810 47,740 4,070 F 68,510 52,070 16,440 F Total Costs 95,980 90, 180 5,800 F Profit (or Loss) 36,470 36, 160