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Sinaran Games Enterprise prepared a master budget for the month of November that was based on sales of 150,000 board games. The budgeted income statement

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Sinaran Games Enterprise prepared a master budget for the month of November that was based on sales of 150,000 board games. The budgeted income statement for the period is as follows. Revenue RM 2,250,000 Variable expenses: Direct materials RM630,000 Direct labor 300,000 Variable overhead 450,000 Total variable expenses 1,380,000 Contribution margin 870,000 Fixed overhead 240,000 Fixed selling and administrative expenses 500,000 Total fixed expenses 740,000 Operating income RM 130,000 During November, Sinaran produced and sold 170,000 board games. Actual results for the month are as follows. Revenue RM 2,541,500 Variable expenses: Direct materials RM 748,000 Direct labor 375,000 Variable overhead 550,000 Total variable expenses 1,673,000 Contribution margin 868,500 Fixed overhead 265,000 Fixed selling and administrative expenses 500,000 Total fixed expenses 765,000 Operating income RM 103,500

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