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Kanco Industries has a relevant range extending to 30,200 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 30,200 units each month. The following performance report provides information about Kanco's budget and actual performance for April. (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 the 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.) Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Actual variance Budget Volume Variance Master Budget Output units 24,000 24000 30,200 Sales revenue 226,000 $ 5,200 F 231200 Less: Variable expenses 165,600 Contribution margin 60400 Less: Fixed expenses 16,500 43900 Operating income 193,280 21,500
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