Lanco Industries has a relevant range extending to 30,400 units each month. The following performance report provides information about Lanco'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.) Lanco Industries Flexible Budget Performance Report: Sales and Operating Expenses Data table For the Month Ended November 30 A B D E F Flexible budget Flexible Volume 1 Lanco Industries Actual variance Budget Variance Master Budget 2 Output units 24,000 24,000 30,400 3 Sales revenue $ 225,000 $ 5,400 F $ 219,600 U 4 Actual Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget variance Flexible Volume Budget Variance Master Budget Less: Variable expenses 172,800 U 151,200 F $ 191,520 5 Output units Contribution margin $ 52,200 U U 6 Sales revenue $ 24,000 225,000 ? 30,400 $5,400 F ? ? ? Less: Fixed expenses 18,000 7,500 F 25,500 0 25,500 7 Less: Variable expenses 172,800 ? ? ? $ 191,520 Operating income $ 34,200 U 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 18,000 ? ? ? 25,500 10 Operating income ? ? ? ? ? Print Done