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Sanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Sanco's budget and actual performance
Sanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Sanco's budget and actual performance for November. (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.) Sanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Actual variance Output units 28,000 Sales revenue $ 252,000 $ 5,600 F Less: Variable expenses 207,200 Contribution margin Less: Fixed expenses Operating income 18,000 Flexible Budget Volume Variance Master Budget 30,500 $ 189,100 25,000
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