E10-27A (similar to) Question Help Ranco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Ranco's budget and actual performance for November. (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.) Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 26,000 26,000 31,000 $ 251,000 $ 5,300 F $ 245,700 $ 47,250 U $ 292,950 187,200 27,300 U 159,900 30,750 F $ 190,650 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses U U 15,500 F 24,500 U U Operating income