Nancn Industrics has a relavant rarga cxtanding to 31000 unis aach manth Tha fal
ID: 2552930 • Letter: N
Question
Nancn Industrics has a relavant rarga cxtanding to 31000 unis aach manth Tha fallawing pariamarce rapart provides informatinn ahout Narco's hudgat and achual parfarmancs far Novamhar E (Cick the icon to view the performance report) Fil in all m11ssing num ers the able. Be sure o label am vanances as avorable ur un avora ter he varian ces as Pusi ve num ers. íthe variance is 0 make sure ?en er r12 Label each vanance as favorable F or unfavorable U ound temmeda,ry cac lations the nea es cer e Nanco Industrias Flexible Budget Performance Report Sales and Operating Expenses For the Month Ended November 30 Data Table Flaxihle hudgat Flaxihla Nanco Industrias Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Actual Budget Variance Master Budget Oulput units 26,000 31,000 Flexible budget variance Flexible Budgct Variance Master Budget Volume Salas rmvenus Less Varlable expens88 Contribution margin Lass Flxad expanses Oparating Income S 251,000 5300 F 187,200 190,650 Actual Output units 6,000 1,000 16,000 21,500 Salas ravanue Le8s: Veriable expense8 Contributian mangin Less: Fbced expenses Operating income $251,000 S 5,300 F 187,200 190,550 6,000 21,500 PrintDaneExplanation / Answer
Answer
Actual
Flexible Budget Variance
Flexible Budget
Volume variance
Master Budget
Units
26000
26000
31000
Sales Revenue
251000
5300F
[251000-5300] 245700
47250U
2929501
Less: Variable cost
187200
27300U
1599002
30750U
190650
Contribution margin
63800
22000U
85800
16500U
102300
Less: Fixed expenses
16000
5500F
21500
0
21500
Operating Income
$47800
16500U
$64300
16500U
$80800
Actual
Flexible Budget Variance
Flexible Budget
Volume variance
Master Budget
Units
26000
26000
31000
Sales Revenue
251000
5300F
[251000-5300] 245700
47250U
2929501
Less: Variable cost
187200
27300U
1599002
30750U
190650
Contribution margin
63800
22000U
85800
16500U
102300
Less: Fixed expenses
16000
5500F
21500
0
21500
Operating Income
$47800
16500U
$64300
16500U
$80800
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