Delaney Company has the following flexible budget formulas and amounts Selling price per unit Direct materials per unit Direct labor per unit Variable factory overhead per unit Variable selling and administrative expenses per unit Fixed factory overhead Fixed selling and administrative expenses $54.00 18.00 12.00 7.00 4.00 $450,000 100,000 Actual results for the month of October for the production and sale of 48,000 units were as follows Sales revenue Direct materials Direct labor Variable factory overhead Variable selling and administrative expenses Fixed factory overhead Fixed selling and administrative expenses Prepare a performance report for the month of October. $2,605,000 868,000 572,000 334,000 195,000 458,000 105,000 Delaney Company Performance Report For the Month Ended October 31, 20- Flexible Actual Variance Budzet Results Vae Sales revenue Direct materials Direct labor Variable factory overhead Variable selling and administrative expenses Contribution margin Fixed factory overhead Fixed selling and administrative expenses Operating income