Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

complete the missing table is my goal Lance Industries has a relevant range extending to 30,500 units each month. The following performance report provides information

complete the missing table is my goal image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Lance Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Lanco's budget and actual performance for April (Click the icon to view the performance report) make sure to Requirement Fall in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable. (Enter the variances as positive numbers. If the variance is Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Master Budget Variance Choose from any est or enter any number in the input fields and then click Check Answer Lanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Lanco's budget and actual performance for April (Click the icon to view the performance report) Requirement Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable (Enter the variances as positive numbers. If the variance is make sure to pl e 5 .600 F Sales revenue Less: Variable expenses Contribution margin 5252000 5 190.400 Lanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Lanco's budget and actual performance for April (Click the icon to view the performance report) make sure to Requirement Fil in al missing numbers in the table. Be sure to label any variances as favorable or unfavorable (Enter the variances as positive numbers. If the variance is Less. Variable expenses 190,400 189,100 Contribution margin Less Foed expenses 17.000 Operating Income i Data Table Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 28,000 Master Budget 30,500 Output units Sales revenue $ 252,000 $ 5.600 F 100 100 0000 Print Done Data Table Output units 28,000 30,500 S 5,600 F 252,000 $ 190,400 189.100 Sales revenue Less: Variable expenses Contribution margin Less Fixed expenses 17 000 23,000 Operating income Requirement Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0" Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent) Less: Variable expenses 190,400 189.100 Contribution margin Less Fixed expenses 17.000 23 000 Operating income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Selected Materials From Managerial Accounting

Authors: Ray H. Garrison

12th Edition

0077331559, 978-0077331559

More Books

Students also viewed these Accounting questions

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

Differentiate Personnel Management and Human Resource Management

Answered: 1 week ago

Question

Describe the functions of Human resource management

Answered: 1 week ago

Question

1. Write down two or three of your greatest strengths.

Answered: 1 week ago

Question

What roles have these individuals played in your life?

Answered: 1 week ago

Question

2. Write two or three of your greatest weaknesses.

Answered: 1 week ago