E10-27A (similar to) 3 Question Help o Ranco Industries has a relevant range extending to 32,000 units each month. The following performance report provides information about Ranco'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 unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) positive numbers. Label each variance as favorable (F) or Ranco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Actual variance Budget Variance 25,000 Volume Master Budget Output units 32,000 S 243,000 $ 5.500 F 185.000 S 195,200 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 18,000 23,000 Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Check Answer i X Data Table A B D E F Ranco Industries 2. Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended June 30 Flexible budget Flexible Actual variance Budget Volume Variance Master Budget 4 5 Output units 25,000 ? 32,000 6 Sales revenue $ 243,000 $5,500 F ? ? ? 7 Less: Variable expenses 185,000 ? ? ? 195,200 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 18,000 ? ? ? 23,000 ? ? ? ? ? 10 Operating income Print Done