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Lanco Industries has a relevant range extending to 30.800 units each month. The following performance report provides information about Lanco's budget and actual performance for

Lanco Industries has a relevant range extending to 30.800 units each month. The following performance report provides information about Lanco's budget and actual performance for November. (Click the toon 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 see score see score see score see score For the Month Ended November 30 Flexible budget see score Flexible Volume Actual variance Budget Variance Master Budget see score Output units 27,000 27,000 30,800 see score Sales revenue $ 253,500 $ 5,100 F U Less: Variable expenses 194,400 U F $ 189,420 see score Contribution margin 59,100 AU U Less: Fixed expenses 19,000 F 24,000 see score Operating income 40,100 U see score

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