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. (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 November 30 Flexible Volume variance Budget Variance 25,000 Flexible budget Actual Master Budget Output units 32,000 Sales revenue 5.500 F S 243,000 $ 175,000 F FI F $ F Less: Variable expenses Contribution margin Less: Fixed expenses 195,200 17,500 F F F F 25,000 Operating income F I Data table A B D E F 1 Ranco Industries 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended November 30 Flexible budget Flexible Actual variance Budget Volume Variance Master Budget 4 5 Output units 25,000 ? 32,000 6 Sales revenue 243,000 $5,500 F ? ? ? 7 Less: Variable expenses 175,000 ? ? ? $ 195,200 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 17,500 ? ? ? 25,000 ? ? ? ? ? 10 Operating income Print Done