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Sanco Industries has a relevant range extending to 31,500 units each month. The following performance report provides information about Sanco's budget and actual performance for
Sanco Industries has a relevant range extending to 31,500 units each month. The following performance report provides information about Sanco'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.) For the Month Ended June 30 Flexible budget Flexible variance Budget Volume Variance Actual 29,000 Master Budget 31,500 Output units $ 5,800 F Sales revenue Less: Variable expenses 246,500 $ 214,600 195,300 Contribution margin Less: Fixed expenses 16,500 25,000 Operating income
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