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Nottingham Forest Products reports the following information concerning operations for the most recent month: There are no inventories: Required: Prepare a sales activity variance analysis for Nottingham Forest Products. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ NOTTINGHAM FOREST PRODUCTS } \\ \hline \multicolumn{5}{|c|}{ Sales Activity Variance } \\ \hline & \begin{tabular}{c} Flexible Budget \\ (based on \\ actual of 5,310 \\ units) \end{tabular} & Sales Activity Variance & \multicolumn{2}{|c|}{\begin{tabular}{c} Master Budget \\ (based on \\ budgeted 4,425 \\ units) \end{tabular}} \\ \hline Sales revenue & & & $ & 207,975 \\ \hline \multicolumn{5}{|l|}{ Variable costs: } \\ \hline \multicolumn{5}{|l|}{ Manufacturing costs: } \\ \hline Direct labor & & & & 39,170 \\ \hline Materials & & & & 27,370 \\ \hline Variable overhead & & & & 13,270 \\ \hline Marketing & & & & 6,370 \\ \hline Administrative & & & & 6,670 \\ \hline Total variable costs & & & $ & 92,850 \\ \hline Contribution margin & & & $ & 115,125 \\ \hline \multicolumn{5}{|l|}{ Fixed costs: } \\ \hline Manufacturing & & & & 37,570 \\ \hline Marketing & & & & 12,370 \\ \hline Administrative & & & & 10,570 \\ \hline Total fixed costs & & & $ & 60,510 \\ \hline Operating profits & & L & $ & 54,615 \\ \hline \end{tabular} Nottingham Forest Products reports the following information concerning operations for the most recent month: There are no inventories: Required: Prepare a sales activity variance analysis for Nottingham Forest Products. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ NOTTINGHAM FOREST PRODUCTS } \\ \hline \multicolumn{5}{|c|}{ Sales Activity Variance } \\ \hline & \begin{tabular}{c} Flexible Budget \\ (based on \\ actual of 5,310 \\ units) \end{tabular} & Sales Activity Variance & \multicolumn{2}{|c|}{\begin{tabular}{c} Master Budget \\ (based on \\ budgeted 4,425 \\ units) \end{tabular}} \\ \hline Sales revenue & & & $ & 207,975 \\ \hline \multicolumn{5}{|l|}{ Variable costs: } \\ \hline \multicolumn{5}{|l|}{ Manufacturing costs: } \\ \hline Direct labor & & & & 39,170 \\ \hline Materials & & & & 27,370 \\ \hline Variable overhead & & & & 13,270 \\ \hline Marketing & & & & 6,370 \\ \hline Administrative & & & & 6,670 \\ \hline Total variable costs & & & $ & 92,850 \\ \hline Contribution margin & & & $ & 115,125 \\ \hline \multicolumn{5}{|l|}{ Fixed costs: } \\ \hline Manufacturing & & & & 37,570 \\ \hline Marketing & & & & 12,370 \\ \hline Administrative & & & & 10,570 \\ \hline Total fixed costs & & & $ & 60,510 \\ \hline Operating profits & & L & $ & 54,615 \\ \hline \end{tabular}

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