Answer Happy

Bramble Entertainment Corporation prepared a master budget for the month of November that was based on sales of 191,000 board games. The budgeted income statement for the period is as follows. Sales Revenue $3,247,000 Variable expenses Direct materials $878,600 Direct labor 458,400 Variable overhead 534,800 Total variable expenses 1,871,800 Contribution margin 1,375,200 Fixed overhead 231,000 Fixed selling and administrative expenses 441.000 Total fixed expenses 672,000 Operating income $703,200 During November, Bramble produced and sold 153,700 board games. Actual results for the month are as follows. Sales Revenue $2,511,900 Variable expenses Direct materials $696,520 Direct labor 354,680 Variable overhead 419,860 Total variable expenses 1.471,060 Contribution margin 1,040,840 Fixed overhead 218,000 Fixed selling and administrative expenses 456,000 Total fixed expenses 674,000 Operating income $366,840
(b) Calculate Bramble's static budget variance for November. (Round answers to 0 decimal places, e.g. 125. Enter all as positive values. If variance is zero, select "Not Applicable" and enter O for the amounts) Actual Results Static Budget Variance Unit Sales $ Contribution margin Variable expenses Sales revenue Fixed expenses Operating income Selling and administrative Total variable expenses Total fixed expenses Direct labor Variable overhead Direct material < > V >
$ Actual Results $ Static Budget Variance Unfavorable Favorable Not Applicable $ Static Budget