I WILL UPVOTE FOR A CORRECT ANSWER W/ EXPLANATION
(Click the icon to view the performance report.)
Requirement
Be sure to enter in a "0". A variance of zero is considered favorable.)
Lanco Industries
Flexible Budget Performance Report: Sales and Operating Expenses
For the Month Ended November 30
Flexible budget Flexible Volume
Output units
Sales revenue
Less: Variable expenses
Contribution margin
Less: Fixed expenses
Operating income
Data table
Lanco Industries has a relevant range extend (Click the icon to view the performance report.)
actual performance for November.
Requirement
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.)
Data table
Lanco Industries
Flexible Budget Performance Report: Sales and Operating Expenses
For the Month Ended November 30 Flexible Actual variance Budget 24,000 24,000
c
.
Volume Variance
Lanco Industries
Master Budget 30,400
2
Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended November 30 Flexible budget Flexible Volume Master Actual variance Budget Variance Budget Output units 24,000 ? 30,400 6Sales revenue $ 225,000 $5,400 F ? ? ? Less: Variable expenses 172,800| ? ? ? 191,520 Contribution margin ? ? ? ? 9Less:Fixed expenses 18,000| ? ? 25,500 10 Operating income ? ? ? ?
Output units
Sales revenue $ 225,000 $ Less: Variable expenses 172,800 Contribution margin 52,200 Less: Fixed expenses 18,000 Operating income 34,200
5,400 F U
219,600 151,200
191,520
U
7,500 F U
25,500
25,500
U
Print
Dona
