Actual Flexible Budget Variance Flexible Budget Sales-Volume Variance Static Budget $ Revenue $234,000 $9,200 Unfavourable : 237000 $ $ Variable Costs Unfavourable . 138000 535,870 Unfavourable ? $19,500 $ Contribution Margin $164,000 $37.430 U $25,570 U $227.000 $ $ Fixed costs $0 54450 $75,300 so 5 Operating income $88,700 $37,430 U 525 570 U 5151,700 Units Produced and Sold 9 100 Favourable . 8,800 Actual Flexible Budget Variance Flexible Budget Sales-Volume Variance Static Budget $ Revenue $234,000 $9,200 Unfavourable : 237000 $ $ Variable Costs Unfavourable . 138000 535,870 Unfavourable ? $19,500 $ Contribution Margin $164,000 $37.430 U $25,570 U $227.000 $ $ Fixed costs $0 54450 $75,300 so 5 Operating income $88,700 $37,430 U 525 570 U 5151,700 Units Produced and Sold 9 100 Favourable . 8,800