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Kanco Industries has a relevant range extending to 32,000 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 32,000 units each month. The following performance report provides information about Kanco's budget and actual performance for November. (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 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 November 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 25,000 25000 32,000 Sales revenue 5,500 F $ 243,000 $ 182,500 Less: Variable expenses $ 195,200 Contribution margin 60500 Less: Fixed expenses 17,000 22,500 43500 Operating income X i Data Table Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 25,000 ? 32,000 Sales revenue 243,000 $ 5,500 F ? ? ? Less: Variable expenses 182,500 ? ? ? $ 195,200 Contribution margin ? ? ? ? ? Less: Fixed expenses 17,000 ? ? ? 22,500 ? ? ? ? ? Operating income Print Done
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