Problem $16-78($Algo$)$ Profit Variance Analysis $($LO $16-2,3,4)$

$10$

points

Harlow Parts produces a single product at its Superior Plant. The master budget for July follows:

$$

$\backslash$table$[[,\backslash$table$[[$Harlow Parts$],[$Superior Plant$],[$Master Budget $($For July$)]]],[],[],[$Quantity$],[$Revenue$,8,28$e$],[$Variable manufacturing cost,$ $1,573,200],[$Variable Selling, General and,$596,160],[$Administrative cost$,99,36$e$],[$Contribution margin,$ $877,680],[$Fixed manufacturing cost,$220,090],[$Fixed Selling, General and,$378,000],[$Operating profit,$],[,$$ $279,68$e$]]$

The following operating income statement shows the actual results for July.

$\backslash$table$[[$Harlow Parts$],[$Superior Plant Operating Results $($For July$)],[$Quantity $($units$),9,689],[$Revenue$,$$ $1,789,890],[$Variable manufacturing cost,$812,394],[$Variable Selling, General and Administrative cost,$111,840],[$Contribution margin,$ $856,566],[$Fixed manufacturing cost,$231,040],[$Fixed Selling, General and Administrative cost,$388,000],[$Operating profit,$ $237,526]]$