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Tanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Tanco's budget and actual performance for
Tanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Tanco's budget and actual performance 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 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.) Data table Tanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance A B D E F 1 Tanco Industries Master Budget 30,500 2 Output units 28,000 WN- 3 Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Sales revenue 5,600 F Master Budget 4 $ 189,100 $ 252,000 $ 196,000 56000 15.500 40500 5 Output units 28,000 ? ? Less: Variable expenses Contribution margin Less: Fixed expenses : Operating income 30,5001 23000|| F 23000 23000 F F 23.000 6 Sales revenue $ 252,000 $5,600 F 2 ? ? 196,000 ? 2 2 $ 189.100 7 Less: Variable expenses 8 Contribution margin ? ? ? ? ? ? 9 Less: Fixed expenses 15,500 ? ? 2 ? 2 23.0001 10 Operating income ? ? ? ? ? Print Done
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