Newton Industries has a relevant range extending to 31,800 units each month. The following performance report provides
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Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable.
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н Newton Industries Flexible Budget Performance Report: Sales and Operat|ng Expenses For the Month Ended April 30 Flexible Budget Variance Flexible Budget Actual Volume Varlance Master Budget 6 Output unlts 31,800 28,000 8 Sales revenuc 251,000 $ 6,000 F 9 Less: Variable expenses 201,500 198,750 10 Contribution margin 11 Less: Fixed expenses 12 Operating income 13 15,000 24.000
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