Preston Company Flexible Budget Performance Report For the Year Ended July 31, 2024 Flexible Sales Actual Budget Flexible Volume Static Results Variance Budget Variance Budget Units 38,000 (a) 38,000 1,000 F (g) Sales Revenue $ 218,000 (b) $ 218,000 $ 25,000 F (h) Variable Expenses 81,000 (c) 76,000 2,000 U (i) Contribution Margin 137,000 (d) 142,000 23,000 F (i) Fixed Expenses 112,000 (e) 103,000 0 (k) Operating Income $ 25,000 (f) $ 39,000 $ 23,000 F (1)