Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report...

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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 September. (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.) Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses (...) For the Month Ended September 30 Data table Flexible budget Flexible Actual variance Budget Volume Variance Master Budget Output units 26,000 31,000 A 1 Sales revenue Less: Variable expenses $ 242,000 $ 176,800 5,400 F 2 $ 194,680 3 Contribution margin Less: Fixed expenses 18,500 Operating income B C D E F Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget 22,500 4 5 Output units Actual 26,000 variance Flexible Budget Volume Variance Master Budget ? 31,000 6 Sales revenue $ 242,000 $5,400 F ? ? ? 7 Less: Variable expenses 176,800 ? ? ? $ 194,680 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 18,500 ? ? ? 22,500 10 Operating income ? ? ? ? ? Print Done - 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 September. (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.) Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses (...) For the Month Ended September 30 Data table Flexible budget Flexible Actual variance Budget Volume Variance Master Budget Output units 26,000 31,000 A 1 Sales revenue Less: Variable expenses $ 242,000 $ 176,800 5,400 F 2 $ 194,680 3 Contribution margin Less: Fixed expenses 18,500 Operating income B C D E F Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget 22,500 4 5 Output units Actual 26,000 variance Flexible Budget Volume Variance Master Budget ? 31,000 6 Sales revenue $ 242,000 $5,400 F ? ? ? 7 Less: Variable expenses 176,800 ? ? ? $ 194,680 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 18,500 ? ? ? 22,500 10 Operating income ? ? ? ? ? Print Done -

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First lets calculate the flexible budget amounts for sales revenue variable expenses contribution margin and operating income based on the actual outp... View the full answer