Static (Master) Budget Income Statement Performance Report Year Ended April 30 Flexible Budget for Actual Flexible Actual Sales Results at Budget Number of Volume Actual Prices Variance Output Units Variance Output units (pools 5 ? ? ? installed) $ 110,000 ? $ 116,000 ? Sales revenue Variable expenses 50,000 ? 53,000 ? 21,000 ? Fixed expenses 25,000 ? 71,000 ? Total expenses 78,000 ? $ 39,000 ? $ 38,000 ? Operating income 4. $ 92,800 42,400 25,000 67,400 $ 25,400