Swifty Entertainment Corporation prepared a master budget for the month of November that was based on sales of 187,300 board games. The budgeted income statement for the period is as follows. Sales Revenue Variable expenses Direct materials $3,184,100 $861,580 Direct labor 355,870 Variable overhead 486,980 Total variable expenses 1,704,430 Contribution margin 1,479,670 Fixed overhead 224,000 Fixed selling and administrative expenses 434,000 Total fixed expenses 658,000 Operating income $821,670 During November, Swifty produced and sold 153,000 board games. Actual results for the month are as follows. Sales Revenue $2,507,000 During November, Swifty produced and sold 153,000 board games. Actual results for the month are as follows. Sales Revenue $2,507,000 Variable expenses Direct materials $690,800 Direct labor 276,200 Variable overhead 385,800 Total variable expenses 1,352,800 Contribution margin 1,154,200 Fixed overhead 211,000 Fixed selling and administrative expenses 449,000 Total fixed expenses 660,000 Operating income $494,200 Unit Sales Actual Results Flexible Budget Variance > Flexible Budget $ Sales Volume Variance Static Budget