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E10-27A (similar to) is Question He Panco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about
E10-27A (similar to) is Question He Panco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Panco'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 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U). Round intermediar calculations to the nearest cent.) Panco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget 31,000 Output units 26,000 $ 5,400 F 242,000 $ 179,400 $ 194.680 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses 18,500 21,000 Operating income Choose from any list or enter any number in the input fields and then click Check Answer. i x Data Table Panco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget 26,000 ? 31,000 Output units 5,400 F ? ? $ 242,000 $ 179,400 ? ? ? 194,680 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income ? ? ? 18,500 ? ? ? 21,000 ? ? ? ? ? Print Done
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