A company uses a standard absorption costing system. The following figures are available for the last accounting period in which actual profit was $$\$ 108,000$$.
$$
\begin{array}{ll}
\text { Sales volume profit variance } & \$, 000 \text { adverse } \\
\text { Sales price variance } & 5,000 \text { favourable } \\
\text { Total variable cost variance } & 7,000 \text { adverse } \\
\text { Fixed cost expenditure variance } & 3,000 \text { favourable } \\
\text { Fixed cost volume variance } & 2,000 \text { adverse }
\end{array}
$$
$$
\begin{aligned}
&\text { What was the standard profit for actual sales in the last accounting period? }\\
&\begin{array}{ll}
\circ & \$ 101,000 \\
\circ & \$ 107,000 \\
0 & \$ 109,000 \\
0 & \$ 115,000
\end{array}
\end{aligned}
$$