Question: Hanco has a relevant range extending to 30,000 units each month. The following performance report provides information about Hancos budget and actual performance for April.

Hanco has a relevant range extending to 30,000 units each month. The following performance report provides information about Hanco€™s budget and actual performance for April.

Requirement
Find the missing data for letters A€“G. Be sure to label any variances as favourable or unfavourable.

HANCO Income Statement Performance Report Month Ended April 30 Actual Results Flexible Budget for Actual Number of Static at Actual (Master) 30,000 $187,500 Prices(A) 25,000 Output Units(Budget Output units Sales revenue Variable cost Fixed cost Operating income $240,000 5,000 (F) (D) $15,000(F) 20,000

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