A company uses a standard absorption costing system. Last month the actual profit was $$\$ 500,000$$. The only variances recorded for the month were as follows:
$$
\begin{array}{ll}
& \$ 000 \\
\text { Sales volume profit variance } & 10 \text { adverse } \\
\text { Fixed production overhead capacity variance } & 30 \text { favourable } \\
\text { Fixed production overhead efficiency variance } & 40 \text { adverse } \\
\text { Fixed production overhead volume variance } & 10 \text { adverse } \\
\text { Fixed production overhead expenditure variance } & 50 \text { favourable } \\
\text { Direct labour efficiency variance } & 15 \text { adverse }
\end{array}
$$
$$
\begin{aligned}
&\text { What was the budgeted profit for last month? }\\
&\begin{array}{ll}
\circ & \$ 485,000 \\
0 & \$ 495,000 \\
\circ & \$ 505,000 \\
\circ & \$ 515,000
\end{array}
\end{aligned}
$$