Saan Corporation used the following data to evaluate their current operating system.The company sells items for $20 each and used a budgeted selling price of $20 per unit. 
Required:
Prepare a Level 1 static-budget variance analysis using a income statement in contribution margin format.Use the following three column headings: Actual Results, Static Budget, Static-budget Variance.
Definitions:
Cause-and-Effect Relationship
Describes a relationship where one event (the cause) makes another event happen (the effect).
Psychological Tests
Procedures used to measure and evaluate personality traits, emotional states, aptitudes, interests, abilities, and values.
Personality Traits
Enduring characteristics that describe an individual's behavior.
Emotional States
The internal conditions that arise in response to external stimuli, influencing mood and feelings.
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