Ranco Industries has a relevant range extending to 30,400 units each month. The following performance report provides information about Ranco's budget and actual performance for April. B (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 For the Month Ended April 30 Flexible budget Flexible Volume Actual variance Budget Variance 24,000 Master Budget 30,400 Output units Sales revenue $ 225,000 $ 5,400 F 177,600 $ 191,520 Less: Variable expenses Contribution margin Less: Fixed expenses 17,500 23,000 Operating income A B D E F 1 Ranco Industries Master Budget 30,400 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended April 30 Flexible budget Flexible Volume 4 Actual variance Budget Variance 5 Output units 24,000 ? 6 Sales revenue $ 225,000 $5,400 F ? ? 7 Less: Variable expenses 177,600 ? ? ? $ 8 Contribution margin ? ? ? ? 9 Less: Fixed expenses 17,500 ? ? ? ? ? 10 Operating income ? ? ? 191,520 ? 23,000