) The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results.

Actual Flexible Static

Results Budget Budget

Sales volume (in units) 15,000 11,000

Sales revenues $245,000 $ $235,000

Variable costs 139,000 $ ________ 184,000

Contribution margin 106,000 $ 51,000

Fixed costs 42,000 $ ________ 31,000

Operating profit $64,000 $ $20,000

Fill in the blanks for the Flexible Budget.