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November Tanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Tanco's budget and actual performance
November Tanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Tanco's budget and actual performance 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. (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 "o". A variance of zero is considered favorable.) () Data Table Tanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual varlance Budget Varlance 28,000 B C E F Master Budget 31,000 Output units 5.400 F U Sales revenue Less: Variable expenses S 242,000 $ 179,400 62600 U F S 194,680 U Contribution margin Less: Fixed expenses Master Budget 31,000 F 23,000 1 Tanco Industries 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance 5 Output units 26,000 ? 6 Sales revenue $ 242.000 $5,400 F F ? ? 7 Less: Variable expenses 179,400 ? ? ? $ 8 Contribution margin ? ? ? ? ? 9 Loss: Fixed expenses 16,500 2 ? ? ? 16,500 46100 Operating income U 2 194,680 ? 23,000 7 ? ? ? 10 Operating Income ? Choose from any list or enter any number in the input fields and then click Check Answer. Print Done All parts showing Clear All
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