A company's master budget contains the following budgeted income statement: £ £ Sales revenue (5,000 units) 130,000 Variable material cost 25,000 Variable labor cost 35,000 Variable OH 15,000 Fixed OH 40,000 115,000 Budgeted net profit 15,000 The company's management are planning to change the materials specification This would reduce the materials cost per unit by 10%. The reduced product quality would result in a 2% reduction in the selling price and a 5% fall sales volume. The revised budget net profit for the period would be £