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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 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
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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