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Kanco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Kanco's budget and actual performance for
Kanco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Kanco's budget and actual performance for September. (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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label Bach variance as favorable (F) or unfavorable (U). Round Intermediary calculations to the nearest cent.) Data Table Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Variance 25,000 Budget Master Budget Output units 30,000 Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Master Actual variance Budget Variance Budget Output units 25,000 ? 30,000 Sales revenue 5.000 F $ 240,000 S 167,500 S 187,500 Less: Variable expenses Contribution margin Less: Fixed expenses 19,000 25,000 $ 240,000 $ 5,000 F ? 2 ? Sales revenue Less: Variable expenses Operating income 167,500 ? ? 7 $ 187.500 ? ? 7 ? ? Contribution margin Less: Fixed expenses 19,000 ? ? ? 25.000 ? ? Operating income
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