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Kanco Industries has a relevant range extending to 30,400 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 30,400 units each month. The following performance report provides information about Kanco'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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "O". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Kanco 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 24,000 30,400 $ 225,000 $ Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 5,400F 165,600 191,520 17,500 24,000
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