Budget Actual Budget Variance Sales Less operating expenses $11,858,000 $12,100,000 Advertising 22,000 18,000 Less production expenses...

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Budget Actual Budget Variance Sales Less operating expenses $11,858,000 $12,100,000 Advertising 22,000 18,000 Less production expenses Direct Materials 4,800,000 5,064,660 Direct Labor 270,000 212,500 Variable Overhead 15,200 13,900 Rent on Equipment 3,900 6,200 Income from operations 6,746,900 6,784,740 Budget Actual Budget Variance Sales Less operating expenses $11,858,000 $12,100,000 Advertising 22,000 18,000 Less production expenses Direct Materials 4,800,000 5,064,660 Direct Labor 270,000 212,500 Variable Overhead 15,200 13,900 Rent on Equipment 3,900 6,200 Income from operations 6,746,900 6,784,740