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Manco Industries has a relevant range extending to 32,000 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 32,000 units each month. The following performance report provides information about Manco's budget and actual performance for September. E (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 September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 25,000 32,000 5,500 F Sales revenue Less: Variable expenses Contribution margin $ 243,000 $ 172,500 195,200 Less: Fixed expenses 19,500 22,000 Operating income
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