The following data are given to you and asked to do a performance report.

Static Budget in output units	20,000
Actual output units produced and sold	23,000
Budgeted selling price per output unit	$40
Budgeted variable cost per output unit	$25
Budgeted total fixed costs per month	$200,000
Actual revenue	$874,000
Actual variable costs	$630,000
Favorable variance in fixed costs	$5,000

Use the data above to make a 5 column flexible budget performance report

	Actual Results	Flexible Budget Variance	Flexible Budget	Sales Volume Variance	Static Budget
Units Sold
Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operating Income