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Sanco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Sanco's budget and actual perfomance for
Sanco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Sanco's budget and actual perfomance for November (Cack the icon to view the performance report) Requirement Fill in all missing numbers in the table. Be sure to label any varanx us favorable or unfavorable. Round interday caculations to the nearest cent. Enter the vanances as positive numbers. Label each vonianca as favorable (1) or unfavorable (1) 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 27,000 Sales revenue Less, Vanable expenses Contribution margin Less Fixed expenses Operating income $ 253,500 $ 5.100 180,300 18,000 Flexible Budget Data table A Sanco Industries Volume Varlance Master Budget 30,800 Flexible Budget Performance Report Sales and Operating Expenses For the Month Ended November 30 Flexible budget Actual variance Flexible Budget Volume Variance Master Budget 5. Output units Sales revenue 5 189,420 27,000 ? 30,800 $ 250,500 $5,100 ? 2 ? Less: Variable expenses 186 300 ? 2 ? 5 189,420 23,500 8 Contribution margin 4 ? 2 2 2 9 Less: Fixed expenses 10,000 7 2 ? 23,500 10 Operating Income 2 9 2 2 ? X
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