EXHIBIT 14. 4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (7) ( 2) ( 3 ) (…

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EXHIBIT 14. 4 Breakdown of Total Operating Income VarianceSCHMIDT MACHINERY COMPANYAnalysis of Financial ResultsFor October 2019(7)( 2)( 3 )( 4 )( 5 )Flexible – BudgetFlexibleSales VolumeMaster ( Static )ActualVariancesBudgetVariancesBudgetUnits780780220U1. 000Sales$639. 600$15 , 60OF$624, 000$176. 00OU$800, 000Variable costs350, 95050 F351, 00099, 00OF450, 000Contribution margin$288. 650$15, 65OF$273, 000$ 77. 00OU$350, 000Fixed costs160, 65010. 650U150, 000 *150, 000 "Operating income$128, 000$ 5, 00OF$123, 000$ 77, 00OU$200, 000Analysis of Total Operating – Income Variance*Total operating -income variance*"= $128, 000 -$200, 000 = $72, 00OUFlexible – budget varianceSales volume variance= $128, 000 – $123, 000= $123, 000 – $200, 000= $5 , 00OF= $77 , 00OU

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