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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

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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 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. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U). Round intermediary calculations to the nearest cent.) Ranco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance 24,000 Master Budget Output units 30,400 $ 5,400 F 225,000 $ 165,600 191,520 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 15,000 22,500 i Data Table Ranco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance 24,000 2 Master Budget 3 0,400 Output units 5,400 F ? ? ? $ 225,000 $ 165,600 $ 191,520 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses 15.000 ? ? ? 22.500 Operating income Print Print Done

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