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Manco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Manco's budget and actual performance for
Manco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Manco's budget and actual performance for April. (Click the icon to view the performance report.) Requirement Fall 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.) Manco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 25,000 25000 Master Budget 30,000 Output units Sales revenue s 5,000 F 240.000 $ 167,500 S 187.500 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 19.000 23.500 Data Table 1 Manco Industries Flexible Budget Performance Report Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 25,000 ? Master Budget 30,000 Output units 5.000 F ? ? ? S 240.000 S 167.500 ? ? $ 187.500 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses ? ? ? ? ? ? 19.000 ? ? 23.500 ? ? ? ? ? Operating income ? Print Done
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