Swifty Entertainment Corporation prepared a master budget for the month of November that was based on sales of 192,200 board games. The budgeted income statement for the period is as follows. Sales Revenue $3,163,200 Variable expenses Direct materials $968,230 Direct labor 325,630 Variable overhead 652,410 Total variable expenses 1,996,220 Contribution margin 1,166,430 Fixed overhead 211,000 Fixed selling and administrative expenses 421,000 Total xed expenses 632,000 Operating income $5 34,430 During November, Swifty produced and sold 152,000 board games. Actual results for the month are as follows. Sales Revenue $2,431,000 Variable expenses Direct materials $757,100 Direct labor 284,500 Variable overhead 507,400 Total variable expenses 1,549,000 Contribution margin 882,000 Fixed overhead 198,000 Fixed selling and administrative expenses 436,000 Total xed expenses 634,000 Operating income $248,000 Based on the available information, prepare a performance report for management. (If variance is zero, select "Not Applicable enter 0 for the amounts.) Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Unit Sales v V Sales revenue v $ v $ Less Variable expenses V Direct labor Direct material Variable overhead Total variable expenses Contribution margin v v Less Fixed expenses Overhead v Selling and administrative i Total fixed expenses v i Operating income v $ $