K Kanco Industries has a relevant range extending to 31,000 units each month. The...
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K Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Kanco'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. (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.) Output units Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Budget Actual 26,000 $ 251,000 $ 174,200 18,000 variance 5,300 F 26000 Volume Variance Master Budget $ 31,000 190,650 23,500
III (Click the icon to view the performance report) Requirement
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