The actual and planned data for Fly University for the Fall term 2012 were as follows:

Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost.(a) Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall 2012 term.(b) Prepare a contribution margin analysis report comparing planned with actual performance for the Fall 2012terms.

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Actual Planned Enrollment Tuition per credit hour Credit hours Registration, records, and marketing cost per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment 5,500 6,010 $160 $180 80,600 $370 57,600 5370 $85 S80 $1,100,800 S1,100,800