Variabie Costing Income Statement and Contribution Margin Analysis for a Service Company The actual and planned data for Underwater University for the fall term were as follows: Registration, records, and marketing costs vary by the number of enrolled students, while instructionat costs vary by the number of credit heurs. Depreclation is a faed cost. a. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall term. Contribution margin Depreciation on classrooms and equipment Income from operations b. Prepare a contribution margin analysis report comparing planned with actual performance for the fatl term. If an amount is zero, onter " 0 ". Underwater University Contribution Margin Analysis For the Fall Term Planned contribution margin Effect of change in revenue: Revenue quantity factor Unit price factor Total effect of change in revenue Effect of changes in registration, records, and marketing costs: Variable cost quantity factor Unit cost factor Total effect of changes in registration, records, and marketing costs Effect of changes in instructional costs: Variable cost quantity factor Unit cost factor Total effect of changes in instructional cost Actual contribution margin Previous Not