Swifty Entertainment Corporation prepared a master budget for the month of November that was based on sales of 197,700 board games. The budgeted income statement for the period is as follows.

Sales Revenue				$3,163,200
Variable expenses
Direct materials		$968,730
Direct labor		375,630
Variable overhead		652,410
Total variable expenses				1,996,770
Contribution margin				1,166,430
Fixed overhead		211,000
Fixed selling and administrative expenses		421,000
Total fixed expenses				632,000
Operating income				$534,430

During November, Swifty produced and sold 157,000 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 fixed 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 for the amounts) Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Unit Sales Sales revenue V $ Less V Variable expenses Direct labo Direct material v Variable overhead Total variable expenses v TI Contribution margin V Fibed expenses Overhead V Selling and administrative v -- Total fede Operating income