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

 

Extract B Extract from the Budget for Propercakes Ltd, June & July 2015 June () Actual 126,340 Sales Revenue Costs Fixed Costs Wages Other Variable Costs Total Costs Profit (or Loss) Budget 132,450 12,110 32,060 51,810 95,980 36,470 12,200 30,240 47,740 90,180 36,160 Variance Budget 6,110 A 159,220 90 A 1,820 F 4,070 F 5,800 F 12,110 34,180 68,510 July () Actual Variance 140,850 18,370 A 12,200 30,000 52,070 90 A 4,180 F 16,440 F