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Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Volume Flexible Master Budget Actual variance Budget Variance Output units 27,000 30,800 $ 253,500 $ Sales revenue 5,100 F ? Less: Variable expenses $ 180,900 ? ? 189,420 Contribution margin ? ? ? Less: Fixed expenses 18,500 ? 24,000 ? ? Operating income Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June. EEB(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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Budget Actual variance Variance 27,000 Output units 30,800 Sales revenue $ 253,500 $ 5,100 F Less: Variable expenses $ 180,900 189,420 Contribution margin Less: Fixed expenses 18,500 24,000 Operating income

Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Volume Flexible Master Budget Actual variance Budget Variance Output units 27,000 30,800 $ 253,500 $ Sales revenue 5,100 F ? Less: Variable expenses $ 180,900 ? ? 189,420 Contribution margin ? ? ? Less: Fixed expenses 18,500 ? 24,000 ? ? Operating income Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June. EEB(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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Budget Actual variance Variance 27,000 Output units 30,800 Sales revenue $ 253,500 $ 5,100 F Less: Variable expenses $ 180,900 189,420 Contribution margin Less: Fixed expenses 18,500 24,000 Operating income

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter7: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 42E: Sales Revenue Approach, Variable Cost Ratio, Contribution Margin Ratio Arberg Companys controller...
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Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Volume Flexible Master Budget Actual variance Budget Variance Output units 27,000 30,800 $ 253,500 $ Sales revenue 5,100 F ? Less: Variable expenses $ 180,900 ? ? 189,420 Contribution margin ? ? ? Less: Fixed expenses 18,500 ? 24,000 ? ? Operating income
Transcribed Image Text:Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Volume Flexible Master Budget Actual variance Budget Variance Output units 27,000 30,800 $ 253,500 $ Sales revenue 5,100 F ? Less: Variable expenses $ 180,900 ? ? 189,420 Contribution margin ? ? ? Less: Fixed expenses 18,500 ? 24,000 ? ? Operating income
Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June. EEB(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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Budget Actual variance Variance 27,000 Output units 30,800 Sales revenue $ 253,500 $ 5,100 F Less: Variable expenses $ 180,900 189,420 Contribution margin Less: Fixed expenses 18,500 24,000 Operating income
Transcribed Image Text:Janco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Janco's budget and actual performance for June. EEB(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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Budget Actual variance Variance 27,000 Output units 30,800 Sales revenue $ 253,500 $ 5,100 F Less: Variable expenses $ 180,900 189,420 Contribution margin Less: Fixed expenses 18,500 24,000 Operating income
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