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: Flexible Actual Budget $ 240,000 $240,000 94,000 112,470 10.00010,000 Sales (8,000 pools) Variable expenses: Variable cost of goods sold* Variable selling expens Total variable expenses Contribution margin Fixed expenses: 104,000122,470 136, 000 117,530 Manufacturing overhead Selling and administrative 55,000 55,000 70,000 125, 000 125,000 $ 11,000 (7,470) 70,000 Total fixed expenses Net operating income (loss) Contains direct materials, direct labor, and variable manufacturing overhead