S23-3 Calculating flexible budget variances Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9,000 travel locks for Gable, Inc. GABLE, INC Flexible Budget Performance Report (partial) For the Month Ended April 30, 2016 Actual Flexible Budget Flexible Results Variance Budget Units 9,000 (a) 9,000 Sales Revenue $ 135,000 (b) ($117.000 Variable Costs 51,700 (d) le) 49,500 Contribution Margin 83,300 (g) 67,500 Foud Costs 15,600 ch) 14,600 Operating Income $ 67,700 0 $ 52.900 S23-6 Calculating materials variances Learning Objective 3 Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.30 per pound. The actual result for one month's production of 6,900 glasses was 1.3 pounds per glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance