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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
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 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 cent. Enter th 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.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 24,000 30,200 Sales revenue $ 226,000 $ 5,200 F Less: Variable expenses 172,800 Contribution margin Less Fixed expenses Operating income 16,000 193,280 25,000
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