Question

please help with this question and all the requirements. Thank You!

Kanco Industries has a relevant range extending to 30,800 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. (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.) Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Actual variance Budget Variance Data Table x Master Budget 30,800 Output units 27,000 Sales revenue 5,100 F $ 253,500 $ 191,700 $ 189,420 Less: Variable expenses Contribution margin Less: Fixed expenses Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Actual variance Budget Variance 27,000 ? 16,000 23,500 Master Budget Output units 30,800 Operating income $ 253,500 $ 5.100 F ? ? ? 191,700 ? $ 189,420 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses ? ? ? ? 16,000 ? ? 23.500 ? 2 Operating income ? ? Print Done Choose from any list or enter any number in the input fields and then continue to the next question.

Answer 1

Kanco Industries Flexible Budget Performance Report For the Year Ended June 30 Flexible budget Fexible Actual Varaince Budget Sales Volume Variance Master Budget Units Sales Revnue Variable Expenses Contibution Margin Fixed Cost operating income 27000 253500 191700 61800 16000 45800 5100 F 25650 U 20550 U 7500F 13050 U 27000 248400 166050 82350 23500 58850 34960 U 23370F 11590 U 0 none 11590 U 30800 283360 189420 93940 23500 70440 Flexible budget Variance = Actula amounts - Flexible budget amounts Volume Varaince = Flexible budget amounts - Master Budget Amount

253500 - 61800 - 191700 = 16000 = 61800 45800 Actula Contibution Margin operating income Flexible Budget Sales Revnue Varaible Cost Contibution Margin Master Budget Sales Revnue 253500 - 27000 248400 - 5100 = 6.15 = 166050 = 248400 166050 82350 30800 * 9.2 = 283360