The following is a summarired master budget that Winnipeg Company prepared for January 9000 $450,000 $270,000 $18,000 $288,000 $162,000 $72,000 $27,000 Units produced and sold Sales revenue 5 Less variable costs: Manufacturing Selling and administrative 8 Contribution margin 9 Less fixed costs: 10 Manufacturing 11 Selling and administrative 12 Operating income 13 14 Actual results for January were as follows: 15 Units produced and sold Selling price per unit 17 Variable costs per unit: 18 Manufacturing 19 Selling and administrative 20 Total fixed costs *1 $99,000 $63,000 8,500 $55.00 $32.00 $1.50 $95,000