Newton Industries has a relevant range extending to 31,800 units each month. The

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Newton Industries has a relevant range extending to 31,800 units each month. The following performance report provides information about Newton's

XE10-27A (book/static) Newon Industries has a relevant range extending to 31,800 units each montn. The following performance report provides information about Newon's buoget and actual performance for Apr EER (Click the icon to vwew the pertomanoe report) Requirement Fil in all missing numbers in te able e sure t label any variances as a orable or fan ble Enter e varia es as positive numbers. the variance is 0, make sure to enter in a Label each variance as a rable F or un ora le Rond terme ry calciafons to the nearest er Newton Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volum¢ Actual Budget Master Budget Output units 28,000 31,900 600O F 245.000 150000 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 251,000 201500 49500 15.000 198,750 Data Table 9,000 24.000 34.500 222750 Newton Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Actual Budget Variance Master Budget Output units 29,000 31,800 251,000 s Salas rave Lass: Varable expanG8s Contribution margin Less: Foxed eoxpenses Operating nooma 8,000 F 201,500 188,750 15.000 24,000 Print Dono

Explanation / Answer

Actual Flexible budget variance Flexible budget Volume variance Master budget Output units 28000 28000 31800 Sales revenue 251000 6000 F 245000 33250 U 278250 Less: Variable expenses 201500 26500 U 175000 23750 F 198750 Contribution margin 49500 20500 U 70000 9500 U 79500 Less: Fixed expenses 15000 9000 F 24000 0 None 24000 Operating income 34500 11500 U 46000 9500 U 55500

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