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Tanco Industries has a relevant range extending to 32,000 units each month. The following performance report provides information about Tanco's budget and actual performance
Tanco Industries has a relevant range extending to 32,000 units each month. The following performance report provides information about Tanco'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.) ianco industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Actual variance Output units 25,000 Flexible Budget Volume Variance Master Budget 25000 32,000 Sales revenue $ 243,000 $ 5,500 F 237500 Less: Variable expenses 170,000 U $ 195,200 Contribution margin U Less: Fixed expenses 17,500 F 25,000 Operating income cl U
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