Question

Sanco Industries has a relevant range extending to 30,400 units each month. The following performance report provides information about Sanco's budget and actual performance for April (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.) Sanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 24,000 24,000 Master Budget 30,400 Output units Sales revenue $ 5,400 F $ 219,600 131, 191,520 Less: Variable expenses Contribution margin Less: Fixed expenses 225,000 $ 177,600 47,400 18,500 28,900 151,200 68,400 $ ]$ 21,000 Operating income $

Answer 1

Sanco Industries Flexible budget performance Report: Sales & operating Expenses for the month Ended April 30. Flexible Flexible volume budget Master Budget Budget varian Vanione 30,400 22000 Actual output 24000 $219600 ($58560) F u $278160 $ 225000 $S400 Sales Revenue $ 40320 $191520 151200 $68H00 ($18240) $86640 (-) Variable 157600 ($26400) U Expenses Contribution $H7400 ($21000) U margin I fixed Expones 18500 $2500 Operating $28900 ($18500) N Income NA $21000 h $21000 $0 $47400 ($18240) $65640

for Marter Budget Sales Revenue = $219600 2H000 - 9.15 - 9.15830400 = $278160 for volume Variane sales Revenu = $219600 - $278160 = ($58560)

for volume Varione Vanable Expenses $191520 - $ 151200 - $ 210320 For Flexible budget variance Nonoble Expense = $151200 - $177600 ($26400) fixed Expenses are same for Flexible budget il. $21000 for volume variona Fixed Expenses = $ 21000 - $ 21000 =$0 for flexible budget Varianu fixed Expenses. $21000 - $18500 = $2500