Master Budget Actual Results Variances F or U Number of units 250,000 260,000 10,000 Sales revenue $3,750,000 $3,950,000 $200,000 Variable manufacturing costs Materials (600,000) (622,200) 22,200 Labor (312,500) (321,000) 8,500 Overhead (337,500) (354,700) 17,200 n CCCC Variable selling, general, and admin. costs (475,000) (501,300) 26,300 Contribution margin 2,025,000 2,150,800 125,800 Fixed costs Manufacturing overhead (1,275,000) (1,273,100) 1,900 Selling, general, and admin. costs (470,000) (479,300) 9,300 Net income $ 280,000 $ 398.400 $118,400