The following data pertain to the most recent quarter of operations for CoolCo, a manufacturer of styrofoam coolers:
Actual profit ......... $100,000
Fixed cost spending variance . $2,000 U
Materials quantity variance .. $2,500 F
Total profit variance ..... $5,000 F
Labor price variance ...... $500 U
Sales price variance ..... $4,000 U
Materials price variance .... $1,500 U
Variable cost variance ..... $4,000 F

Required:
a. What was CoolCo’s master budget profit?
b. What was CoolCo’s sales volume variance?
c. What was CoolCo’s flexible budget profit?
d. What was CoolCo’s labor quantity variance?