unit3 quiz2

Problem 6-27 (Part Level Submission) Barnes Entertainment Corporation prepared a master budget for the month of November that was based on sales of 153,700 board games. The budgeted income statement for the period is as follows. Sales Revenue $2,305,500 Variable expenses $691,650 322,770 507,210 Direct materials Direct labor Variable overhead Total variable expenses Contribution margin Fixed overhead Flxed selling and administrative expenses Total fixed expenses Operating income 30721,521,630 783,870 259,700 503,400 763,100 $20,770 During November, Barnes produced and sold 197,200 board games. Actual results for the month are as follows. $2,947,800 Sales Revenue Variable expenses $876,100 428,420 660,760 Direct materials Direct labor Variable overhead Total variable expenses Contribution margin Fixed overhead Fixed selling and administrative expenses Total fixed expenses Operating income ,965,280 982,520 275,200 503,400 778,600 $203,920