Ranco Industries has a relevant range extending to $30,800$ units each month. The following performance report provides information about Ranco's budget and actual performance for September.

$($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.$)$

Ranco Industries

Flexible Budget Performance Report: Sales and Operating Expenses

Output units

Sales revenue

Less: Variable expenses

Contribution margin

Less: Fixed expenses

Operating income

$\backslash$table$[[$Actual$,\backslash$table$[[$Flexible budget$],[$variance$]],\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Volume$],[$Variance$]],$Master Budget$],[27,000,,,,30,800]]$

Data table

$\backslash$table$[[,$A$,$B$,$C$,$D$,$E$,$F$],[1,$Ranco Industries$],[2,$Flexible Budget Performance Report: Sales and Operating Expenses$],[3,$For the Month Ended September $30],[4,,$Actual,,$\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Volume$],[$Variance$]],\backslash$table$[[$Master$],[$Budget$]]],[5,$Output units,$27,000,,?,,30,800],[6,$Sales revenue,$$,253,500,$$$5,100F,?,?,?],[7,$Less: Variable expenses,$189,000,?,?,?,189,420],[8,$Contribution margin,?,?,?,?,?