E 9. Vegan, LLC, owns a chain of gourmet vegetarian take-out markets. Last month, Store Q generated the following information: sales, $890,000; direct materials, $220,000; direct labor, $97,000; variable overhead, $150,000; fixed overhead, $130,000; variable selling and administrative expenses, $44,500; and fixed selling expenses, $82,300. There were no beginning or ending inventories.

Average daily sales (25 business days) were $35,600. Customer orders processed totaled 15,000.

Vegan had budgeted monthly sales of $900,000; direct materials, $210,000;

direct labor, $100,000; variable overhead, $140,000; fixed overhead, $140,000;

variable selling and administrative expenses, $45,000; and fixed selling expenses,

$60,000. Store Q had been projected to do $36,000 in daily sales and process 16,000 customer orders. Using this information, prepare a performance report for Store Q.

Variable Costing Income Statement