The Ornate Company Has the Following Information Pertaining to the Month

Essay

The Ornate Company has the following information pertaining to the month of March: $$\begin{array} { | l | r | r | } \hline \text { Units of output, actual } & \$ 21,000 & \\\hline \text { Fixed costs, actual } & \$ 497,000 & \\\hline \text { Operating profit, master budget } & \$ 220,000 & \\\hline \text { Sales price variance } & \$ 84,000 & \mathrm { U } \\\hline \text { Beginning and ending inventories } & 0 & \\\hline \text { Sales volume variance, revenue } & \$ 300,000 & \mathrm { U } \\\hline \text { Budgeted selling price per unit } & \$ 100 & \\\hline \text { Variable costs, master budget } & \$ 1,680,000 & \\\hline \text { Contribution margin, actual } & \$ 516,000 & \\\hline\end{array}$$
Required:
Prepare a performance report for March including columns for the (a)actual results, (b)flexible budget, (c)flexible budget variance, (d)master budget,and (e)sales activity variance.