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help hello theres literally no other information the data table im adding is the exact same as the one ive shown in the problem I
help
hello theres literally no other information the data table im adding is the exact same as the one ive shown in the problem I posted
Lanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Lanco's budget and actual performance for November. (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. (Round intermediary calculations to the nearest cen Enter the variances as positive numbers. Label each variance as favorable ( F ) or unfavorable (U). If the variance is 0 , make sure to enter in a " 0. A variance of zero is considered favorable.) Lanco Industries Flexible Budget Performance Report: Sales and Operating Expenses Eill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable. (Round intermediary calculations to the nea Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0 , make sure to enter in a variance of zero is considered favorable.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline 1 & \multicolumn{7}{|c|}{ Lanco Industries } \\ \hline 2 & \multicolumn{7}{|c|}{ Flexible Budget Performance Report: Sales and Operating Expenses } \\ \hline 3 & \multicolumn{7}{|c|}{ For the Month Ended November 30} \\ \hline & & Actual & \begin{tabular}{c} Flexible \\ budget \\ variance \end{tabular} & \begin{tabular}{c} Flexible \\ Budget \end{tabular} & \begin{tabular}{c} Volume \\ Variance \end{tabular} & \begin{tabular}{c} Master \\ Budget \end{tabular} \\ \hline 5 & Output units & 26,000 & & ? & & 31,000 \\ \hline 6 & Sales revenue & $242,000 & $5,400F & ? & ? & ? \\ \hline 7 & Less: Variable expenses & 182,000 & ? & ? & ? & $194,680 \\ \hline 8 & Contribution margin & ? & ? & ? & ? & ? \\ \hline 9 & Less: Fixed expenses & 15,500 & ? & ? & ? & 23,000 \\ \hline 10 & Operating income & ? & ? & ? & ? & ? \\ \hline \end{tabular} Step by Step Solution
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