During November, Marigold produced and sold 150,100 board games. Actual results for the month are as follows. Sales Revenue $2,319,600 Variable expenses Direct materials $ 737,300 Direct labor 300,810 Variable overhead 395,270 Total variable expenses 1,433,380 Contribution margin 886,220 Fixed overhead 199,000 Fixed selling and administrative expenses 437,000 Total fixed expenses 636,000 Operating income $ 250,220 (a) Prepare a flexible budget for November. (Round unit answers to 2 decimal places, e.g. 5.25 & all other answers to O decimal places, e.g. 125.) Unit 150,100 games Sales revenue $ 16 $ 2401600 Less : Variable expenses Direct material 5 i 750500 i Direct labor 2.10 i 315210 i Variable overhead 2.70 i 405270 i Total variable expenses 9.80 i 1470980 Pa Contribution margin $ 6.20 930620 Less : Fixed expenses Overhead 212000 i Selling and administrative 422000 Total fixed expenses 634000 Pa Operating income $ 296620 (b) Calculate Marigold's static budget variance for November. (Round answers to 0 decimal places, e.g. 125. Enter all variance amounts as positive values. If variance is zero, select "Not Applicable" and enter for the amounts.) Actual Results Static Budget Variance Unit Sales 150100 47900 i Unfavorab Sales revenue $ 2319600 $ 848400 i Unfavorab Less Variable expenses Direct material 737300 i 252700 i Favorable Direct labor 3008 10 i 114990 Favorable Variable overhead 395270 i 139330 i Favorable Total variable expenses 1433380 Pa 507020 Favorable Contribution margin 886220 341380 i Unfavorab Less : Fixed expenses Overhead 199000 i 13000 i Favorable Selling and administrative 437000 i 15000 Unfavorab Total fixed expenses 636000 Po 2000 i Unfavorab Operating income $ 250220 $ 343380 PO Unfavorab Static Budget Unfavorable 198000 Unfavorable $ 3168000 Favorable 990000 Favorable 415800 i Favorable 534600 i Favorable 1940400 Unfavorable 1227600 Favorable 212000 i Unfavorable 422000 i Unfavorable 634000 Unfavorable V $ $ 593600 Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ $ Variable overhead Sales revenue Fixed expenses Direct material Total variable expenses Direct labor Operating income Selling and administrative Total fixed expenses Contribution margin Variable expenses >