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Ranco Industries has a relevant range extending to 30,500 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 30,500 units each month. The following performance report provides information about Ranco's budget and actual performance for June (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 "O". 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 June 30 Flexible budget Flexible Volume Actual Budget Variance Master Budget variance Output units 28,000 30,500 $ 252,000 $ 207,200 5,600 F Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 189,100 19,000 24,000 Data Table Ranco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended June 30 Flexible budget Flexible Budget 7 Volume Actual variance Variance Master Budget Output units 28,000 30,500 252,000 S 207,200 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 5,600 F 189,100 19,000 24,000 Choose from any list or ent

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