Pickup Truck Flexible Budget

\begin{tabular}{|l|r|r|r|} \hline & Master Budget & Actual Amounts & Variance \\ \hline Units & 17,500 & 17,000 & 500 \\ \hline Sales & $259,000 & $255,000 & 4,000 \\ \hline Variable costs & & & \\ \hline Direct labor & $45,000 & $38,000 & 7,000 \\ \hline Direct Material & $25,000 & $25,500 & 500 \\ \hline Variable Manufacturing & $125,000 & $129,500 & 4,500 \\ \hline Total variable costs & $195,000 & $193,000 & 2,000 \\ \hline Contribution Margin & $64,000 & $62,000 & 2,000 \\ \hline Fixed costs & & & \\ \hline Manufacturing & $20,250 & $20,250 & \\ \hline Selling \& Admin & $13,000 & $13,000 & \\ \hline Total fixed costs & $30,250 & $33,250 & \\ \hline Operating Revenue & 28,750 & 2,000 \\ \hline \end{tabular} Units Sales Variable costs Direct labor Direct Material Variable Manufacturing Total variable costs Contribution Margin Fixed costs Manufacturing Selling \& Admin Total fixed costs Operating Income