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Janco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about Janco's budget and actual performance for June. (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. (Round intermediary calculations to the nearest cent. Enter the variances as positive numbers. 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.) Output units Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Data table 1 2 3 A Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Budget 5 Output units 6 Sales revenue Actual 24,000 $ 226,000 $ 163.200 62800 7 Less: Variable expenses 8 Contribution margin 9 Less: Fixed expenses 10 Operating income 18,500 44300 B Actual C Janco Industries 24,000 $ 226,000 163,200 ? variance 18,500 ? 5,200 F U U F U Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible variance Budget ? D $5,200 F ? ? ? ? 24000 ? ? ? ? ? 220800 E Volume Master Variance Budget ? ? ? ? ? Volume Variance $ 30,200 ? 193,280 ? 22.500 ? C Master Budget $ 30,200 193,280 22,500

Janco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about Janco's budget and actual performance for June. (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. (Round intermediary calculations to the nearest cent. Enter the variances as positive numbers. 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.) Output units Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Data table 1 2 3 A Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Budget 5 Output units 6 Sales revenue Actual 24,000 $ 226,000 $ 163.200 62800 7 Less: Variable expenses 8 Contribution margin 9 Less: Fixed expenses 10 Operating income 18,500 44300 B Actual C Janco Industries 24,000 $ 226,000 163,200 ? variance 18,500 ? 5,200 F U U F U Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible variance Budget ? D $5,200 F ? ? ? ? 24000 ? ? ? ? ? 220800 E Volume Master Variance Budget ? ? ? ? ? Volume Variance $ 30,200 ? 193,280 ? 22.500 ? C Master Budget $ 30,200 193,280 22,500

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 4CE: Kavallia Company set a standard cost for one item at 328,000; allowable deviation is 14,500. Actual...
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Janco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about Janco's budget and actual performance for June. (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. (Round intermediary calculations to the nearest cent. Enter the variances as positive numbers. 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.) Output units Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Data table 1 2 3 4 A Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget $ Actual 5 Output units 6 Sales revenue 7 Less: Variable expenses 8 Contribution margin 9 Less: Fixed expenses 10 Operating income 24,000 226,000 $ 163,200 62800 18,500 44300 B variance C Janco Industries Actual 5,200 F U U F U 24,000 $ 226,000 163,200 ? 18,500 ? $5,200 F ? D Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget variance ? ? ? ? ? ? Flexible Budget ? 24000 ? 220800 E Flexible Volume Master Budget Variance Budget ? ? ? ? ? ? Volume Variance $ F 30,200 ? 193,280 ? 22,500 ? Master Budget 30,200 $ 193,280 22,500
Transcribed Image Text:Janco Industries has a relevant range extending to 30,200 units each month. The following performance report provides information about Janco's budget and actual performance for June. (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. (Round intermediary calculations to the nearest cent. Enter the variances as positive numbers. 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.) Output units Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Data table 1 2 3 4 A Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget $ Actual 5 Output units 6 Sales revenue 7 Less: Variable expenses 8 Contribution margin 9 Less: Fixed expenses 10 Operating income 24,000 226,000 $ 163,200 62800 18,500 44300 B variance C Janco Industries Actual 5,200 F U U F U 24,000 $ 226,000 163,200 ? 18,500 ? $5,200 F ? D Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget variance ? ? ? ? ? ? Flexible Budget ? 24000 ? 220800 E Flexible Volume Master Budget Variance Budget ? ? ? ? ? ? Volume Variance $ F 30,200 ? 193,280 ? 22,500 ? Master Budget 30,200 $ 193,280 22,500
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