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Janco Industries has a relevant range extending to 32,000 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 32,000 units each month. The following performance report provides information about Janco's budget and actual performance for April (Click the loon 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 the variances as positive numbers. Label Bach variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a 'o'. A variance of zero is considered favorable.) Data table F Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 25,000 Master Budget Output units 32,000 $ 5.500 F 243,000 $ 165,000 U U IFS U U Master Budget 32,000 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses 195,200 A B D E 1 Janco Industries 2. Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended April 30 Flexible budget Flexible Volume 4 4 Actual variance Budget Variance 5 Output units 25,000 ? 8 Sales revenue $ 243,000 $5,500 F 7 7 7 Less: Variable expenses 165,000 ? . ? ? . $ 8 Contribution margin 2 ? ? ? 7. 9 Less: Fixed expenses 19,500 ? ? ? 10 Operating income ? ? ? ? U | || U 2 19,500 F 24,000 FIL U ILF U U | 195,2001 Operating income U ? 24,000 ? Print Done
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