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Janco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Janco's budget and actual performance for
Janco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Janco's budget and actual performance for September EEB (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. (Enterthe 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.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 26,000 31,000 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income $ 251,000 $ 176,800 5,300 F 190,650 17,500 21,500 Data Table Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual Budget ariance Master Budget variance Output units 26,000 31,000 $ 251,000 S Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 5,300 F 176,800 190,650 17,500 21,500 Print Done
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