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Nanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Nanco's budget and actual performance for

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Nanco Industries has a relevant range extending to 30,500 units each month. The following performance report provides information about Nanco's budget and actual performance for September EEB (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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "O" Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible Flexible budget Volume Budget Actual variance Variance Master Budget 28,000 30,500 Output units $ 252,000 $ 198,800 5,600 F Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 189.100 18,500 25,500

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