Zoar Draperies makes and sells curtains. Information related to its performance in $2020$ is given below:

$($Click the icon to view the data.$)$

Calculate Zoar Draperies' static$-$budget variance for $($a$)$ revenues, $($b$)$ variable costs, $($c$)$ fixed costs, and $($d$)$ operating income.

Begin by determining all of the actual amounts, then the static budget amounts, and finally the static$-$budget variances. Label each variance as favorable $(F)$ or unfavorable $(U).$

Actual

Results

Units sold

Revenues

Variable costs

Contribution margin

Fixed costs

Operating income

Data table

$\backslash$table$[[,$Actual,Budgeted$],[$Units made and sold,,$1,440,1,340],[$Selling price,,r curtain,$$179$ per curtain$],[$Variable costs,$$,161,000,$$$108$ per curtain$],[$Fixed costs,$$,72,000$$$,71,000]]$