In the bedroom furniture division budgeted sales by division and in total for the following month are as follows: Percent of total sales Sales Variable expenses Contribution Margin Fixed expenses Operating income French 48 % $ 240,000 $72,000 $ 168,000 100 % CM ratio 30 % 70% Meditrainian 20 % $ 100,000 $80,000 $ 20,000 Breakeven point in sales dollars Fixed expenses = $223,600 0.52 100 % 80% 20% = $430,000 Welsh 32 % $ 160,000 $ 88,000 $ 72,000 55% Total 100 % $500,000 100 % 45% 100 % $240,000 48 % $ 260,000 52% $223,600 $36,400 As shown by this data, operating income is budgeted at $36.400 for the month and breakeven sales are $430,000. Assume actual sales for the month total $500,000 as planned Actual sales by divisions are $ French - $160,000; Meditrainian - $200,000 and Welsh - $140,000. Prepare a contribution income statement for actual sales based on the above data and explain why the operating Income is not as budget.