Actual Results Variances Static Budget Units sold 10,000 12,000 Revenue $1,850,000 $2,160,000 1.120.000 1.188.000 Variable Cost Contribution margin 730,000 972,000 Fixed Cost 705,000 710.000 $25,000 $262.000 Operating Income Static Budget Variances Flexible Budget Variances Actual Results Units sold 12,000 10,000 10,000 Revenue $2,160,000 $1,850,000 Variable Cost 1.188.000 1,120,000 Contribution margin 972,000 730,000 Fixed Cost 710.000 705.000 Operating Income $262.000 $25,000