Table 1: Planned Income Statement		Table 2 Flexible Income Statement		Table 3: Actual Income Statement for Previous Fiscal Year
Revenues - Advanced (Projected Sales = 310,000 units)	$53,940,000		Revenues - Advanced (Projected Sales = 360,000 units)	$62,640,000		Revenues - Advanced (Actual Sales = 360,000 units)	$60,840,000
COGS - Advanced			COGS - Advanced			COGS - Advanced
Direct Materials	$18,104,000		Direct Materials	$21,024,000		Direct Materialsa	$21,978,000
Direct Labor	$17,670,000		Direct Labor	$20,520,000		Direct Laborb	$20,880,000
Budgeted MOH	$12,845,625		Budgeted MOH	$14,917,500		Actual MOHc	$17,100,000
Gross Margin - Advanced	$5,320,375		Gross Margin - Advanced	$6,178,500		Gross Margin - Advanced	$882,000
						Revenues - Basic (Actual Sales = 210,000 units)	$30,240,000
Revenues - Basic (Projected Sales = 360,000 units)	$48,240,000		Revenues - Basic (Projected Sales = 210,000 units)	$28,140,000		COGS - Basic
COGS - Basic			COGS - Basic			Direct Materialsa	$7,654,500
Direct Materials	$12,132,000		Direct Materials	$7,077,000		Direct Laborb	$12,240,900
Direct Labor	$20,520,000		Direct Labor	$11,970,000		Actual MOHc	$6,300,000
Budgeted MOH	$8,775,000		Budgeted MOH	$8,701,875		Gross Margin - Basic	$4,044,600
Gross Margin - Basic	$6,813,000		Gross Margin - Basic	$391,125
						Total Gross Margin	$4,926,600
Total Gross Margin	$12,133,375		Total Gross Margin	$6,569,625
						Selling Costs
						Commissions (2 percent of revenues)	$1,821,600
Selling Costs			Selling Costs			Salesperson Salaries	$430,000
Commissions (2 percent of revenues)	$2,043,600		Commissions (2 percent of revenues)	$1,815,600		Fixed Administrative Costs	$1,655,000
Salaries	$460,000		Salaries	$460,000		Interest	$650,000
Fixed Administrative Costs	$1,800,000		Fixed Administrative Costs	$1,800,000
Interest	$550,000		Interest	$550,000		Pre-Tax Income (Loss)	$370,000
Pre-Tax Income	$7,279,775		Pre-Tax Income	$1,944,025

Calculate the variance using the information provided above.