Barnes Entertainment Corporation prepared a master budget for the month of November that was based on sales of 157,400 board games. The budgeted income statement for the period is as follows.

Sales Revenue				$2,675,800
Variable expenses
Direct materials		$708,300
Direct labor		251,840
Variable overhead		424,980
Total variable expenses				1,385,120
Contribution margin				1,290,680
Fixed overhead		254,000
Fixed selling and administrative expenses		507,500
Total fixed expenses				761,500
Operating income				$529,180

During November, Barnes produced and sold 183,000 board games. Actual results for the month are as follows.

During November, Barnes produced and sold 183,000 board games. Actual results for the month are as follows.

Sales Revenue				$3,100,200
Variable expenses
Direct materials		$813,400
Direct labor		307,000
Variable overhead		506,100
Total variable expenses				1,626,500
Contribution margin				1,473,700
Fixed overhead		274,300
Fixed selling and administrative expenses		507,500
Total fixed expenses				781,800
Operating income				$691,900

) Prepare a flexible budget for November. (Round unit answers to 2 decimal places, e.g. 5.25 & all other answers to 0 decimal places, e.g. 125.) Calculate Barness static budget variance for November.

Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Do the

Actual Results

Flexible Budget Variance

Flexible Budget

Sales Volume Variance

Static Budget