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Lanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Lanco's budget and actual performance for
Lanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Lanco's budget and actual performance for June. 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 "O". A variance of zero is considered favorable.) Save = Homework Chapter 10 Homework Question 6, E10-27A (similar to) HW Score: 10.07%, 400 of 10 points Points of The long performance report provides formation on and actual performance forume Ling to 31.000 ch het hapovebo.hr Free youndary VA) Data table 0 E Land Industries Budget Proport de For the Month ht Pe Performance Report Sales and Operating A van Satyal| 000 Out 26.000 F Volum Vw Actu 2.000 Master Budget 30.000 120.000 BADO 7 100 Sre Vurbe 12.000 1 22.00 10 2 22.00 10 Done Help me solve this Video Get more help Lanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Actual variance Budget Variance 26,000 Master Budget 31,000 Output units Sales revenue 5,400 F $ 242,000 $ 182,000 $ Less: Variable expenses 194,680 Contribution margin Less: Fixed expenses 15,500 22,500 Operating income Data table - X nbers B o D E F 1 2 3 Lanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Actual variance Budget Variance 26,000 ? Master Budget 31,000 5 Output units 6 Sales revenue $ 242,000 $5,400 F ? ? ? 7 Less: Variable expenses 182,000 ? ? 2 ? $ 194,680 ? ? 2 2 ? 8 Contribution margin 9 Less: Fixed expenses 15,500 ? 2 2 22,500 10 Operating income 2 2 2 2 ? Print Done
Lanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Lanco's budget and actual performance for June.
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 "O". A variance of zero is considered favorable.)
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