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Sanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Sanco's budget and actual perf for
Sanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Sanco's budget and actual perf for September (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 variance 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 September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget 31,000 Output units 26,000 Sales revenue 5,400 F $ 242,000 $ 174,200 Less: Variable expenses $ 194,680 Contribution margin Fixed expenses 19,000 22,500 Operating income - Sanco Industries has a relevant range extending to 31.000 units each month. The following performance report provides information about Sanco's budget and actual perf for September (Click the icon to view Data Table Requirement Fill in all missing numbers i ter the variance positive numbers. Label ea A B favorable.) D E F 1 Sanco Industries Master Budget 31,000 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended September 30 Flexible budget Flexible Volume 4 Actual variance Budget Variance 5 Output units 26,000 ? 6 Sales revenue $ 242,000 $5,400 F ? ? 7 Less: Variable expenses 174,200 ? ? ? $ 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 19,000 ? ? ? ? ? ? 10 Operating income ? ? Output units 194,680 ? Sales revenue Less: Variable expenses 22,500 Contribution margin ? Less: Fixed expenses Operating income Print Done
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