Northwest Table manufactures tables for use in business offices. The March 2019 condensed flexible budget shows output levels of 650, 800, & 1,000 units. The static budget was based on expected sales of 800 units. (condensed, so no details about variable for DMDL,MO, Sell/ Admin or details of Fixed cost) Northwest Table Inc. Flexible Budget For the Month Ended March 31, 2019 Budget Amount Units Per Unit 650 300 1.000 Sales Revenue $ 23.00 $ 14,950 $ 18.400 $ 23,000 Total Variable Costs 14.00 9.100 11.200 14.000 Contribution Margin 5,850 7,200 9,000 Total Fixed Costs 5.600 5.600 5,600 Operating Income 250 1,600 3,400 The company sold 1,000 units during March, and its actual operating income is shown: Northwest Table Inc. Income Statement For the Month Ended March 31, 2019 Sales Revenue $ 23,700 Total Variable Costs 14.510 Contribution Margin 9,190 Total Fixed Costs 5,700 Operating Income 3,490 Requirement 1 - Prepare a flexible budget performance report for March Northwest Flag Inc. Flexible Budget Performance Report For the Month Ended March 31, 2019 Actual Flexible Static Budget Amount Results Budget Budget Units Per Unit 1,000 1,000 800 Sales Revenue $ 23.00 $ F $ 23,000 1. F $ 18,400 Total Variable Costs 14.00 14.510 Contribution Margin 2. F 1.800 F Total Fixed Costs 100 U Operating Income 3,490 90 F 3.400 1.600 Flexible Budget Var. Sales Volume Var. Static Budget Var