Case 12.2 Flexible Budgets and Performance Evaluation A. Budget and Actual Results-Gold Investment Segment Budget Variance Actual Sales Units 1,200,000 (50,000) 1,150,000 Sales Revenue $1,896,000,000 ($182,500,000) $1,713,500,000 Less Costs: Variable costs Variable acquisition costs $42,000,000 $2,562,500 $44,562,500 Variable SG&A costs $48,600,000 ($300,000) $48,300,000 Total variable costs $90,600,000 $2,262,500 $92,862,500 Contribution Margin $1,805,400,000 ($184,762,500) $1,620,637,500 Fixed costs Fixed acquisition costs $250,000,000 $7,500,000 $257,500,000 Fixed SG&A costs $40,000,000 $5,000,000 $45,000,000 Total fixed costs $290,000,000 $12,500,000 $302,500,000 Profit $1,515,400,000 ($197,262,500) $1,318,137,500