Please answer part D!
Parts A & B are done, they're attached for information if needed.
Crane Entertainment Corporation prepared a master budget for the month of November that was based on sales of 195,000 board games. The budgeted income statement for the period is as follows. Sales Revenue $ 2,925,000 Variable expenses Direct materials $ 780,000 Direct labor 292,500 Variable overhead 487,500 Total variable expenses 1,560,000 Contribution margin 1,365.000 Fixed overhead 210,000 Fixed selling and administrative expenses 420.000 Total fixed expenses 630,000 Operating income $ 735,000 During November, Crane produced and sold 180,000 board games. Actual results for the month are as follows. Sales Revenue $ 2,620,000 Variable expenses Direct materials $ 710,000 Direct labor 257,000 Variable overhead 440,000 Total variable expenses 1,407,000 Contribution margin 1,213,000 Fixed overhead 197,000 Fixed selling and administrative expenses 435,000 Total fixed expenses 632,000 Operating income $ 581,000 Your answer is correct. (a) Prepare a flexible budget for November. (Round unit answers to 2 decimal places, e.g. 5.25 & all other answers to 0 decimal places, eg. 125.) Unit 180,000 games Sales revenue 15 $ 2700000 Less : Variable expenses Direct material 4 720000 i Direct labor 1.50 i 270000 i Variable overhead 2.50 450000 i Total variable expenses 8 1440000 Contribution margin 7 1260000 Less : Fixed expenses Overhead 210000 i Selling and administrative 420000 i Total fixed expenses 630000 i Operating income $ 630000 (b) Calculate Crane's static budget variance for November. (Round answers to 0 decimal places, e.g. 125. Enter all variance amounts as positive values. If variance is zero, select "Not Applicable" and enter for the amounts.) Actual Results Static Budget Variance Unit Sales 180000 15000 i Sales revenue ta $ 2620000 $ 305000 i Less Variable expenses Direct material 710000 i 70000 i Direct labor 257000 i 35500 i Variable overhead 440000 i 47500 Total variable expenses 1407000 i 153000 i Contribution margin 1213000 152000 i Less Fixed expenses Overhead 197000 i 13000 i Selling and administrative 435000 i 15000 Total fixed expenses 632000 i -2000 i Operating income $ 581000 $ 154000 i Static Budget Variance Static Budget 15000 i Unfavorable 195000 > 305000 i Unfavorable $ 2925000 70000 i Favorable 780000 i 35500 Favorable 292500 i 47500 i Favorable 487500 i 153000 i Favorable 1560000 i 152000 i Unfavorable 1365000 13000 i Favorable 210000 i 15000 Unfavorable 420000 i -2000 i Unfavorable 630000 i $ 154000 i Unfavorable $ 735000 (d) Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter o for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ $ > > > $ $ (d) Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter for the amounts.) iance Flexible Budget Sales Volume Variance $ $ > $ epare a performance report for management. (If variance is zero, select "Not Applicable" and Sales Volume Variance Static Budget > $ $ $ 305000 i Unfavorable $ 2925000 70000 i Favorable 780000 i 35500 Favorable 292500 i 47500 i Favorable 487500 i 153000 i Favorable 1560000 i 152000 i Unfavorable 1365000 13000 i Favorable 210000 i 15000 Unfavorable 420000 i -2000 i Unfavorable 630000 i $ 154000 i Unfavorable $ 735000 (d) Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter o for the amounts.) Actual Results Flexible Budget Variance Unit Sales $ $ > > > $ $ (d) Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable" and enter for the amounts.) iance Flexible Budget Sales Volume Variance $ $ > $ epare a performance report for management. (If variance is zero, select "Not Applicable" and Sales Volume Variance Static Budget > $ $ $
