Marigold Entertainment Corporation prepared a master budget for the month of November that was based on sales of 159,600 board games. The budgeted income statement for the period is as follows Sales Revenue Variable expenses $2,394,000 Direct materials Direct labor Variable overhead $702,240 351,120 510,720 Total variable expenses Contribution margin 1,564,080 829,920 257,400 510,000 Fixed overhead Fixed selling and administrative expenses 767,400 Total fixed expenses Operating income During November, Marigold produced and sold 187,400 board games. Actual results for the month are as follows Sales Revenue Variable expenses $62,520 $2,800,500 Direct materials Direct labor Variable overhead $814,460 426,380 610,780 Total variable expenses Contribution margin 1,851,620 948,880 278,200 510,000 Fixed overhead Fixed selling and administrative expenses