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Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Kanco's budget and actual performance

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Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Kanco's budget and actual performance for April. (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.) Kanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended April 30 Flexible budget Flexible Volume Output units Actual 26,000 variance Budget Variance Master Budget 31,000 Sales revenue $ 242,000 $ 5,400 F Less: Variable expenses 189,800 Contribution margin Less: Fixed expenses Operating income 18.500 $ 194,680 24,500

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