Coronado Entertainment Corporation prepared a master budget for the month of November that was based on sales of 186,500 board games. The budgeted income statement for the period is as follows. $2.797,500 $783,300 Sales Revenue Variable expenses Direct materials Direct labor Variable overhead Total variable expenses 317,050 484.900 1.585,250 1.212.250 216.000 Contribution margin Fixed overhead Fixed selling and administrative expenses Total fixed expenses 426,000 642,000 Operating income $570,250 During November, Coronado produced and sold 158,100 board games. Actual results for the month are as follows. $2,285,500 Sales Revenue Variable expenses Direct materials $653,020 Direct labor 252.070 Variable overhead 400,260 Total variable expenses 1,305,350 Contribution margin 980,150 Fixed overhead 203,000 Fixed selling and administrative expenses 441,000 Total fixed expenses 644,000 Operating income $336,150 Flexible Budget for November Unit 158,100 units Sales revenue (2,797,500/186,500] X 158,100 15.00 2,371,500 Less:Variable expenses: Direct materials [783,300/186,500] X 158,100 19.20 664,020 Direct labor (317,050/186,500] X 158,100 1.70 268,770 Variable overhead (484,900/186,500) X 158,100 260 411.060 Total variable costs 8,50 1.343,850 Contribution margin 6.50 1.027,650 Less: Fixed expenses: Fixed overhead 216,000 Fixed selling and administrative expenses 426.000 Total fixed expenses 642.000 Operating income 385,650 B) Calculation for static variance for November: Actual Results Static budget variance Static budget Unit sales 158.100 28,400 Unfavorable 186,500 Sales revenue 2,285,500 512.000 Unfavorable 2.797,500 Less: Variable expenses! Direct materials 653,020 130,280 Favorable 783,300 Direct labor 252,070 64,980 Favorable 317,050 Variable overhead 400,260 84.640 Favorable 484.900 Total variable expenses 1.305.350 279.900 Favorable 1.585.250 Contribution margin 980,150 232,100 Unfavorable 1,212,250 Less: Fixed expenses: Fixed overhead 203,000 13,000 Favorable 216,000 441.000 15,000 Unfavorable 426.000 Fixed selling and administrative expenses Total fixed expenses 644,000 2.000 Unfavorable 642.000 Operating income 336,150 234,100 Unfavorable 570.250 Based on the available information, prepare a performance report for management. Of variance is zero, select "Not Applicable" and enter for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ $ > v > > > > > $ $ Based on the available information, prepare a performance report for management. (f variance is zero, select "Not Applicable and enter for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ Direct labor Sales revenue Variable overhead Variable expenses Direct material Contribution margin Operating Income Total variable expenses Total fixed expenses Fixed expenses Selling and administrative Based on the available information, prepare a performance report for management. Of variance is zero, select "Not Applicable and enter Ofor the amounts.) Results Flexible Budget Variance Flexible Budget Sales Volume Vari $ v $ 7 Not Applicable Favorable Unfavorable $ > Favorable Not Applicable Unfavorable $ $ $ Coronado Entertainment Corporation prepared a master budget for the month of November that was based on sales of 186,500 board games. The budgeted income statement for the period is as follows. $2.797,500 $783,300 Sales Revenue Variable expenses Direct materials Direct labor Variable overhead Total variable expenses 317,050 484.900 1.585,250 1.212.250 216.000 Contribution margin Fixed overhead Fixed selling and administrative expenses Total fixed expenses 426,000 642,000 Operating income $570,250 During November, Coronado produced and sold 158,100 board games. Actual results for the month are as follows. $2,285,500 Sales Revenue Variable expenses Direct materials $653,020 Direct labor 252.070 Variable overhead 400,260 Total variable expenses 1,305,350 Contribution margin 980,150 Fixed overhead 203,000 Fixed selling and administrative expenses 441,000 Total fixed expenses 644,000 Operating income $336,150 Flexible Budget for November Unit 158,100 units Sales revenue (2,797,500/186,500] X 158,100 15.00 2,371,500 Less:Variable expenses: Direct materials [783,300/186,500] X 158,100 19.20 664,020 Direct labor (317,050/186,500] X 158,100 1.70 268,770 Variable overhead (484,900/186,500) X 158,100 260 411.060 Total variable costs 8,50 1.343,850 Contribution margin 6.50 1.027,650 Less: Fixed expenses: Fixed overhead 216,000 Fixed selling and administrative expenses 426.000 Total fixed expenses 642.000 Operating income 385,650 B) Calculation for static variance for November: Actual Results Static budget variance Static budget Unit sales 158.100 28,400 Unfavorable 186,500 Sales revenue 2,285,500 512.000 Unfavorable 2.797,500 Less: Variable expenses! Direct materials 653,020 130,280 Favorable 783,300 Direct labor 252,070 64,980 Favorable 317,050 Variable overhead 400,260 84.640 Favorable 484.900 Total variable expenses 1.305.350 279.900 Favorable 1.585.250 Contribution margin 980,150 232,100 Unfavorable 1,212,250 Less: Fixed expenses: Fixed overhead 203,000 13,000 Favorable 216,000 441.000 15,000 Unfavorable 426.000 Fixed selling and administrative expenses Total fixed expenses 644,000 2.000 Unfavorable 642.000 Operating income 336,150 234,100 Unfavorable 570.250 Based on the available information, prepare a performance report for management. Of variance is zero, select "Not Applicable" and enter for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ $ > v > > > > > $ $ Based on the available information, prepare a performance report for management. (f variance is zero, select "Not Applicable and enter for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ Direct labor Sales revenue Variable overhead Variable expenses Direct material Contribution margin Operating Income Total variable expenses Total fixed expenses Fixed expenses Selling and administrative Based on the available information, prepare a performance report for management. Of variance is zero, select "Not Applicable and enter Ofor the amounts.) Results Flexible Budget Variance Flexible Budget Sales Volume Vari $ v $ 7 Not Applicable Favorable Unfavorable $ > Favorable Not Applicable Unfavorable $ $ $