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Manco Industries has a relevant range extending to 30,500 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 30,500 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 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.) Manco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 28,000 Master Budget Output units 30,500 $ 5,600 F 252,000 $ 198,800 12 (1) (3) $ 189,100 (5) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 10,500 (6) 25,500 1: Data Table Manco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 28,000 ? Master Budget 30,500 Output units $ 5,800 F 252,000 $ 198,800 ? ? $ 189, 100 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 19,500 ? 25,500 ? ? ? ? ? (1) (2) (3) (4) (5) (6) (7) (8) (9) O
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