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 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 For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 24,000 30,400 Sales revenue $ 5.400 F 225,000 $ 172,800 Less: Variable expenses $ 191,520 Contribution margin Less: Fixed expenses 17,000 25,500 Operating income A B D E F 1 Ranco Industries 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended September 30 Flexible budget Flexible Volume 4 Actual variance Budget Variance 5 Output units 24,000 ? 6 Sales revenue $ 225,000 $5,400 FT ? ? 7 Less: Variable expenses 172,800 ? ? ? $ 8 Contribution margin ? ? ? 9 Less: Fixed expenses 17,000 ? ? ? 10 Operating income ? ? ? Master Budget 30,400 ? 191,520 25,500