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Can you help me prepare a profit variance analysis? 16-35. Profit Variance Analysis Refer to the information in Exercise 16-34. The following is the actual

Can you help me prepare a profit variance analysis?

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16-35. Profit Variance Analysis Refer to the information in Exercise 16-34. The following is the actual income statement (in thou- sands of dollars) for the year. $7,238 Sales revenue. Less variable costs. Direct materials Direct labor. Variable overhead Total variable costs Contribution margin.. Less fixed costs Fixed manufacturing overhead Non-manufacturing costs Total fixed costs Operating profit 748 1,010 930 $2,688 $4,550 1,050 1,230 $2,280 $2,270 16-35. Profit Variance Analysis Refer to the information in Exercise 16-34. The following is the actual income statement (in thou- sands of dollars) for the year. $7,238 Sales revenue. Less variable costs. Direct materials Direct labor. Variable overhead Total variable costs Contribution margin.. Less fixed costs Fixed manufacturing overhead Non-manufacturing costs Total fixed costs Operating profit 748 1,010 930 $2,688 $4,550 1,050 1,230 $2,280 $2,270

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