Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Volume Flexible Master Budget Actual variance Budget Variance Output units 27,000 30,800 $ 253,500 $ Sales revenue 5,100 F ? Less: Variable expenses $ 180,900 ? ? 189,420 Contribution margin ? ? ? Less: Fixed expenses 18,500 ? 24,000 ? ? Operating income Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June. 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 "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Budget Actual variance Variance 27,000 Output units 30,800 Sales revenue $ 253,500 $ 5,100 F Less: Variable expenses $ 180,900 189,420 Contribution margin Less: Fixed expenses 18,500 24,000 Operating income
Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Volume Flexible Master Budget Actual variance Budget Variance Output units 27,000 30,800 $ 253,500 $ Sales revenue 5,100 F ? Less: Variable expenses $ 180,900 ? ? 189,420 Contribution margin ? ? ? Less: Fixed expenses 18,500 ? 24,000 ? ? Operating income Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June. 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 "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Budget Actual variance Variance 27,000 Output units 30,800 Sales revenue $ 253,500 $ 5,100 F Less: Variable expenses $ 180,900 189,420 Contribution margin Less: Fixed expenses 18,500 24,000 Operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Janco Industries
Flexible Budget Performance Report: Sales and Operating Expenses
For the Month Ended June 30
Flexible budget
Volume
Flexible
Master Budget
Actual
variance
Budget
Variance
Output units
27,000
30,800
$ 253,500 $
Sales revenue
5,100 F
?
Less: Variable expenses
$
180,900
?
?
189,420
Contribution margin
?
?
?
Less: Fixed expenses
18,500
?
24,000
?
?
Operating income
Transcribed Image Text:Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June.
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 "0". Label each variance as favorable (F) or
unfavorable (U). Round intermediary calculations to the nearest cent.)
Janco Industries
Flexible Budget Performance Report: Sales and Operating Expenses
For the Month Ended June 30
Flexible budget
Flexible
Volume
Master Budget
Budget
Actual
variance
Variance
27,000
Output units
30,800
Sales revenue
$
253,500 $
5,100 F
Less: Variable expenses
$
180,900
189,420
Contribution margin
Less: Fixed expenses
18,500
24,000
Operating income
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