Panco Industries has a relevant range extending to $32,000$ units each month. The following performance report provides information about Panco's budget and actual performance for April.

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Requirement sure to enter in a $"0".$ A variance of zero is considered favorable.$)$

Panco Industries

Flexible Budget Performance Report: Sales and Operating Expenses

For the Month Ended April $30$

Flexible budget Flexible Volume

Output units

$\backslash$table$[[$Actual$,$variance,Budget,Variance,Master Budget$],[25,000,,,,32,000]]$

Sales revenue

Less Variable expenses

Contribution margin

Less Fixed expenses

Operating income