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need as much help with this as possible. Thanks! n prepared a master budget for the month of November that was based on sales of

need as much help with this as possible. Thanks!

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n prepared a master budget for the month of November that was based on sales of 153,700 board games. The budgeted income statement for the period is as follows. Sheridan Entertainment Sales Revenue Variable expenses $2,612,900 $707,020 368,880 430,360 Direct materials Direct labor Variable overhead Total variable expenses Contribution margin 1,506,260 1,106,640 253,300 508,400 Fixed overhead Fixed selling and administrative expenses Total fixed expenses Operating income 761,700 $344,940 During November, Sheridan produced and sold 191,000 board games. Actual results for the month are as follows. Sales Revenue Variable expenses $3,236,900 Direct materials Direct labor Variable overhead $868,100 472,600 545,300 ,886,000 1,350,900 Total variable expenses Contribution margin Fixed overhead 271,900 Fixed selling and administrative expenses 508,400 780,300 Total fixed expenses Operating income $570,600

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