Nanco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Nanco's budget and actual performance for June.

Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable.

Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible Flexible budget Volume Master Budget Actual variance Budget Variance 25,000 ? 30,000 Output units $ 240,000 $ 5,000 F Sales revenue ? ? 172,500 Less: Variable expenses ? 187,500 Contribution margin ? ? Less: Fixed expenses 19,000 ? ? ? 24,500 ? ? ? Operating income Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Volume Master Budget Actual variance Budget Variance 25,000 30,000 Output units $ 240,000 $ 235000 Sales revenue 5,000 F F 172,500 Less: Variable expenses 187,500 Contribution margin F Less: Fixed expenses 19,000 24,500 Operating income