$($Click the icon to view the performance report.$)$

Requirement

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.$)$

Tanco Industries

Flexible Budget Performance Report: Sales and Operating Expenses

For the Month Ended November $30$

Output units

Sales revenue

Less: Variable expenses

Contribution margin

Less: Fixed expenses

Operating income