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The actual information pertains to the month of September. As a part of the budgeting process,...

The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following static budget for September. Twilith is in the process of preparing the flexible budget and understanding the results.

                                                               Actual               Flexible                   Static

                                                             Results                Budget                Budget

Sales volume (in units)                     12,000                      XXXX         15,000

Sales revenues                                $600,000           $ XXXX $750,000

Variable costs                                    307,200          $ ____XXXX 360,000

Contribution margin                       292,800           $        XXXX                         390,000

Fixed costs                                         274,800          $ __XXXX___                270,000

Operating profit                              $ 18,000           $ XXXX $ 120,000

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