Part 3 Performance reporting This part relates to Module 23. I have flexible budget support material in the Module 23 folder in course resources Crafts Inc., is a manufacturer of furniture The company has 2 responsibility centers: Production and Selling and Distribution. Production and administration are cost centers while Selling and Distribution is a profit center Presented below are the budgeted and actual contribution income statement for October along with applicable unit information. Budgeted unit information Units Sale price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Variable selling and distribution per unit 900 $245 $48 $18 $45 Actual Units 850 Craft Inc Budgeted Contribution Income Statement For Month of October Sales S 220,500 Less Variable costs Variable cost of goods sold: Direct materials Direct labor Manufacturing overhead S 43,200 16,200 14,400 S 73,800 Selling and distribution 40,500 114 106,200 Contribution Margin Less Fixed Costs Manufacturing overhead Selling and Distribution 40,000 30,000 Net Income 36,200 Craft Inc. Actual Contribution Income Statement For Month of October Sales S 230,000 Less Variable costs Variable cost of goods sold: 46,000 Direct materials Direct labor Manufacturing overhead 25,000 20,000 $ 91,000 Selling and distribution 39,000 130 100,000 Contribution Margin Less Fixed Costs Manufacturing overhead Selling and Distribution 38,000 40,000 Net Income(Loss) 22,000 3. Determine the revenue variance. . Determine the sales price variance