Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with this question and all the requirements. Thank You! Kanco Industries has a relevant range extending to 30,800 units each month. The following
please help with this question and all the requirements. Thank You!
Kanco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Kanco'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. (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.) Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Actual variance Budget Variance Data Table x Master Budget 30,800 Output units 27,000 Sales revenue 5,100 F $ 253,500 $ 191,700 $ 189,420 Less: Variable expenses Contribution margin Less: Fixed expenses Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Actual variance Budget Variance 27,000 ? 16,000 23,500 Master Budget Output units 30,800 Operating income $ 253,500 $ 5.100 F ? ? ? 191,700 ? $ 189,420 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses ? ? ? ? 16,000 ? ? 23.500 ? 2 Operating income ? ? Print Done Choose from any list or enter any number in the input fields and then continue to the nextStep 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