Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Manco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about Marco's budget and actual performance for
Manco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about Marco's budget and actual performance for April. (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). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Data table F Manco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 24.000 Master Budget 30,200 Output units Master Budget 30.200 5,200 F $ 226,000 $ 172,800 A B c D E 1 Manco Industries 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended April 30 Flexible budget Flexible Volume 4 Actual variance Budget Variance 5 Output units 24,000 ? 6 Sales revenue S 226,000 $5,200 F ? ? 7 Less: Variable expenses 172,800 2 ? ? S 8 Contribution margin ? 2 ? ? 9 Less: Fixed expenses 16,500 ? ? 10 Operating income ? ? 2 1$ Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses 193 280 ? 193 280 16,500 23,000 ? Operating income 7 23.000 ? Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started