Panco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Panco's budget and actual performance for June. (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.) Panco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Actual variance Output units 25,000 Sales revenue $ 240,000 $ 5,000 F Less: Variable expenses 182,500 Contribution margin Less: Fixed expenses 17,500 Operating income Flexible Volume Budget Variance Master Budget 30,000 187,500 24,500