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Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Unit Sales [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Unfavorable Not Applicable [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Unfavorable Not Applicable [Entry field with incorrect answer] [Entry field with correct answer] Sales revenue Fixed expenses Variable overhead Variable expenses Direct material Direct labor Contribution margin Total variable expenses Selling and administrative Total fixed expenses Operating income $ [Entry field with incorrect answer now contains modified data] $ [Entry field with incorrect answer] [Entry field with incorrect answer] Unfavorable Not Applicable Favorable $ [Entry field with incorrect answer] $ [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Unfavorable Not Applicable $ [Entry field with incorrect answer] [Entry field with correct answer] Add Less : [Entry field with correct answer] Total variable expenses Direct material Fixed expenses Contribution margin Variable overhead Selling and administrative Sales revenue Direct labor Total fixed expenses Operating income Variable expenses [Entry field with correct answer] Total fixed expenses Operating income Contribution margin Sales revenue Variable expenses Total variable expenses Fixed expenses Direct material Direct labor Variable overhead Selling and administrative [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Not Applicable Favorable Unfavorable [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Not Applicable Favorable Unfavorable [Entry field with incorrect answer] [Entry field with correct answer] Direct material Operating income Fixed expenses Total variable expenses Direct labor Contribution margin Selling and administrative Variable overhead Total fixed expenses Sales revenue Variable expenses [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Unfavorable Favorable Not Applicable [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Not Applicable Unfavorable [Entry field with incorrect answer] [Entry field with correct answer] Selling and administrative Contribution margin Variable overhead Operating income Total fixed expenses Direct material Total variable expenses Sales revenue Fixed expenses Variable expenses Direct labor [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Unfavorable Not Applicable [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Not Applicable Unfavorable Favorable [Entry field with incorrect answer] [Entry field with correct answer] Total variable expenses Contribution margin Variable expenses Fixed expenses Sales revenue Operating income Selling and administrative Total fixed expenses Variable overhead Direct material Direct labor [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Not Applicable Unfavorable [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Unfavorable Favorable Not Applicable [Entry field with incorrect answer] [Entry field with correct answer] Selling and administrative Direct labor Sales revenue Direct material Overhead Total variable expenses Contribution margin Fixed expenses Total fixed expenses Operating income Variable expenses [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Not Applicable Unfavorable [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Not Applicable Unfavorable [Entry field with incorrect answer] [Entry field with correct answer] Add Less : [Entry field with correct answer] Total fixed expenses Sales revenue Selling and administrative Direct material Variable expenses Fixed expenses Total variable expenses Contribution margin Operating income Overhead Direct labor [Entry field with correct answer] Total variable expenses Sales revenue Selling and administrative Overhead Operating income Variable expenses Direct material Direct labor Fixed expenses Total fixed expenses Contribution margin [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Not Applicable Unfavorable Favorable [Entry field with incorrect answer] [Entry field with correct answer] [Entry field with incorrect answer] Unfavorable Favorable Not Applicable [Entry field with incorrect answer] [Entry field with correct answer] Overhead Operating income Fixed expenses Sales revenue Variable expenses Direct material Direct labor Contribution margin Total variable expenses Selling and administrative Total fixed expenses [Entry field with incorrect answer] [Entry field with correct answer] [Entry field with incorrect answer] Not Applicable Unfavorable Favorable [Entry field with incorrect answer] [Entry field with correct answer] [Entry field with incorrect answer] Unfavorable Favorable Not Applicable [Entry field with incorrect answer] [Entry field with correct answer] Overhead Total variable expenses Selling and administrative Direct material Total fixed expenses Contribution margin Variable expenses Fixed expenses Sales revenue Operating income Direct labor [Entry field with incorrect answer] [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Not Applicable Unfavorable [Entry field with incorrect answer] [Entry field with correct answer] [Entry field with incorrect answer] Favorable Unfavorable Not Applicable [Entry field with incorrect answer] [Entry field with correct answer] Overhead Total variable expenses Variable expenses Fixed expenses Contribution margin Selling and administrative Sales revenue Total fixed expenses Operating income Direct material Direct labor $ [Entry field with incorrect answer] $ [Entry field with incorrect answer] [Entry field with incorrect answer] Favorable Unfavorable Not Applicable $ [Entry field with incorrect answer] $ [Entry field with incorrect answer] [Entry field with incorrect answer] Unfavorable Not Applicable Favorable $

Barnes Entertainment Corporation prepared a master budget for the month of November that was based on sales of 157,400 board games. The budgeted income statement for the period is as follows.

Sales Revenue				$2,675,800
Variable expenses
Direct materials		$708,300
Direct labor		251,840
Variable overhead		424,980
Total variable expenses				1,385,120
Contribution margin				1,290,680
Fixed overhead		254,000
Fixed selling and administrative expenses		507,500
Total fixed expenses				761,500
Operating income				$529,180

During November, Barnes produced and sold 183,000 board games. Actual results for the month are as follows.

During November, Barnes produced and sold 183,000 board games. Actual results for the month are as follows.

Sales Revenue				$3,100,200
Variable expenses
Direct materials		$813,400
Direct labor		307,000
Variable overhead		506,100
Total variable expenses				1,626,500
Contribution margin				1,473,700
Fixed overhead		274,300
Fixed selling and administrative expenses		507,500
Total fixed expenses				781,800
Operating income				$691,900