Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below Budgeted Actual Sales (8,000 pools) 290,000 $290,000 Variable expenses Variable cost of goods sold 104,400 124,770 20,000 20,000 Variable selling expenses Total variable expenses 124,400 144,770 Contribution margin 165,600 145.230 Fixed expenses: 68,000 68,000 86,000 86,000 Manufacturing overhead Selling and administrative Total fixed expenses 154,000 154,000 11,600 (8,770) Net operating income (loss) *Contains direct materials, direct labor, and variable manufacturing overhead