Ranco Industries has a relevant range extending to 31,000 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 26,000 26,000 Master Budget Output units 31,000 5,400 F $ 72920 U 163680 Sales revenue Less: Variable expenses Contribution margin $ 242,000 $ 184,600 $ 57,400 29900 U 236,600 154700 81900 39980 F $ 194,680 31000 24500 U 32940 U Less: Fixed expenses 18,000 23,500 0 F 23,500 5,500 F 19000 U Operating income $ 39,400 58400 32940 U 7500 Help me solve this Video Get more help Clear all Check answer Ranco Industries has a relevant range extending to 31,000 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 26,000 26,000 Master Budget Output units 31,000 5,400 F $ 72920 U 163680 Sales revenue Less: Variable expenses Contribution margin $ 242,000 $ 184,600 $ 57,400 29900 U 236,600 154700 81900 39980 F $ 194,680 31000 24500 U 32940 U Less: Fixed expenses 18,000 23,500 0 F 23,500 5,500 F 19000 U Operating income $ 39,400 58400 32940 U 7500 Help me solve this Video Get more help Clear all Check