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Manco Industries has a relevant range extending to 30,400 units each month. The following performance report provides information about Manco's budget and actual performance
Manco Industries has a relevant range extending to 30,400 units each month. The following performance report provides information about Manco's budget and actual performance for June. (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.) Manco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Actual variance Output units 24,000 Flexible Budget Volume Varlance Master Budget 24,000 30,400 Sales revenue $ 225,000 $ 5,400 F $ 219,600 $ 58,560 U $ 278,160 Less: Variable expenses 160,800 U F S 191,520 Contribution margin S 64.200 U U Less: Fixed expenses 18,500 F F 22,000 S 45,700 U U Operating income
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