Nanco Industries has a relevant range extending to 31,500 units each month. The

Question

Nanco Industries has a relevant range extending to 31,500 units each month. The following performance report provides information about Nanco's budget and actual performance for September EEB (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"Oh. Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 29,000 31,500 $ 246,500 $ 5,800 F Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 203,000 195,300 19,500 25,000 Choose from any list or enter any number in the input fields and then continue to the next question

Explanation / Answer

Flexible budget performance report :

Actual Flexible budget variance Flexible budget Volume variance Master budget Output units 29000 29000 31500 Sales revenue 246500 5800 F 240700 20750 U 261450 Less: Variable expenses 203000 23200 U 179800 15500 F 195300 Contribution margin 43500 17400 U 60900 5250 U 66150 Less: Fixed expenses 19500 5500 F 25000 0 None 25000 Operating income 24000 11900 U 35900 5250 U 41150

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