Please do not give solution in image format thanku Sales volume (in units)Sales revenues$600.000-307,200=292,800 =$-274,800Net Operating income $18.000The spending variance for operating income is:-Variable costs-Contribution margin-Fixed costsResults12,000O $19,200 unfavorableO $24,000 unfavorableO $42.000 unfavorableO $102,000 unfavorableBudget$-$-Budget15,000$750,000-360,000=390,000-270,000=$120,000 The actual information pertains to the month of September. As a part of the budgeting process, Twilit FencingCompany developed the following master budget for September. Twilith is in the process of preparing the flexiblebudget and understanding the results.Sales volume (in units)FlexibleResults Budget12,000O $19,200 unfavorableO $24,000 unfavorableActualSales revenues$600,000-Variable costs-307,200=Contribution margin= 292,800-Fixed costs-274,800-Net Operating income -$18,000 =$The spending variance for operating income is:$-$=$MasterBudget15,000$750,000-360,000= 390,000-270,000=$120,000

The variance is the difference between the actual and standard production costs data. The spending…

Sales volume (in units) Sales revenues -Variable costs -Contribution margin O $19.200 unfavorable O $24,000 unfavorable Results $42.000 unfavorable 12,000 Budget - =292,800 =$ -Fixed costs -274,800 -$ =$_ -Net Operating income $18.000 The spending variance for operating income is: $600.000 -307,200 -$ 15,000 $750,000 -360,000 =390,000 -270,000 =$120,000