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Kanco Industries has a relevant range extending to 30,800 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 30,800 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. (Round intermediary calculations to the nearest cent. Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). I the variance is make sure to enter in a "O". A variance of zero is considered favorable.) Kanco Industries i Data Table Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible Volume A B D E Flexible budget F Actual variance Budget Variance Master Budget 1 Kanco Industries 2 27,000 Output units 30,800 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended September 30 Sales revenue $ 253,500 $ 5,100 F Flexible budget variance Flexible Budget Volume Variance Master Budget Less: Variable expenses 197,100 s 189,420 4 Actual Contribution margin 56400 6 Output units 27,000 7 30,800 Less: Fixed expenses 17,000 21,000 6 Sales revenue $ 253,500 $5,100 F 7 ? 7 Operating income 394000 197.100 ? ? ? $ 189,4201 7 Less: Variable expenses 8 Contribution margin 9 Less: Fixed expenses ? ? ? ? ? 17.000 ? ? ? 21,000 ? ? ? ? ? 10 Operating income Print Done Choose from any list or enter any number in the input fields and then click Check
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