Ranco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Ranco's budget and actual performance for November. (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.) - X Data table B c D E E F Ranco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance 25,000 Master Budget 30,000 Output units 1 Ranco Industries 2. Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended November 30 Flexible budget Flexible Volume 4 Actual variance Budget Variance 5 Output units 25,000 ? ? 6 Sales revenue $ 240,000 $5,000 F 2 ? 7 Less: Variable expenses 180,000 ? ? ? $ 8 Contribution margin ? ? ? ? 9 Less: Fixed expenses 18,000 ? ? ? 10 Operating income ? ? ? ? Master Budget 30,000 ? 5,000 F $ 240,000 $ 180,000 $ 187,500 187,500 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses ? 18,000 24.500 24,500 ? Operating income