The actual information pertains to the month of September. As a part of the budgeting process, Twilit Fencing Company developed the following master budget for September. Twilith is in the process of preparing the flexible budget and understanding the results. Sales volume (in units) Sales revenues -Variable costs =Contribution margin -Fixed costs $19,200 unfavorable Actual O $24,000 unfavorable Results 12,000 $600,000 -307,200 =292,800 -274,800 Flexible Budget LA -$ =Net Operating income =$ 18,000 = $ The spending variance for operating income is: -$ = $ Master Budget 15,000 $750,000 -360,000 =390,000 -270,000 =$ 120,000

The actual information pertains to the month of September. As a part of the budgeting process. Twilitr Fencing Company developed the following master budget for September. Twilith is in the process of preparing the flexible budget and understanding the results. The spending variance for operating income is: $19,200 unfavorable $24,000 unfavorable: The spending variance for operating income is: $19,200 unfavorable $24,000 unfavorable $42,000 unfavorable $102,000 unfavorable