Inset Draw Page Layout Formulas Data Review Vie Calibri tPainter Font Thomas Co. provides the following fixed budget data for 2009: s 600,000 Sales (20,000 units) Cost of goods sold: Direct materials Direct labor Variable overhead Fixed overhead Gross profit $ 200,000 160,000 60,000 80,000 500,000 $100,000 Fixed Variable Income from operations S 12,000 40,000 $ 48,000 The company's actual activity for 2009 follows: Sales (21,000 units) Cost of goods sold: $ 651,000 Direct materials Direct labor Variable overhead s 231,000 168,000