Ranco Industries has a relevant range extending to 32,000 units each month. The following performance report provides information about Ranco's budget and actual performance for November.

Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable.

Ranco Industries has a relevant range extending to 32,000 units each month. The following performance report provides information about Ranco's budget and actual performance for November. E: (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 "O". A variance of zero is considered favorable.) i X 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 25,000 B D E F Master Budget 1 Ranco Industries Output units 32,000 Sales revenue 5,500 F $ 243,000 $ 165,000 $ 195,200 Less: Variable expenses Contribution margin Master Budget 32,000 Less: Fixed expenses 17,500 21,000 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended November 30 Flexible budget Flexible Volume 4 Actual variance Budget Variance 5 Output units 25,000 ? 6 Sales revenue $ 243,000 $5,500 FT ? ? 7 Less: Variable expenses 165,000 ? ? 2 $ 8 Contribution margin ? ? ? ? 9 Less: Fixed expenses 17,500 ? ? ? ? 10 Operating income ? ? ? ? ? Operating income 195,200 ? 21,000 ? Print Done