Janco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about

Janco's budget and actual performance for September.

Requirement: Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable.

Actual Flexible budget variance Flexible budget Volume Variance Master Budget

Output units 24,000 _________ 30,200

Sales revenue $226,000 $5,200 F _________ _______ ___ _________

Less: Variable expenses 177,600 ________ __ _________ _______ ___ $193,280

Contribution margin ________ _________ __ _________ ________ ___ ___________

Less: Fixed expenses 19,500 __________ ___ __________ ________ ___ 25,500

Operating income ________ __________ ____ __________ _________ ___ ____________