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September. Nanco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Nanco's budget and actual

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September. Nanco Industries has a relevant range extending to 30,800 units each month. The following performance report provides information about Nanco's budget and actual performance for 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.) Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 27,000 30,800 Sales revenue $253,500 $ 5,100 F Less: Variable expenses 194,400 Contribution margin Less: Fixed expenses Operating income 15,500 $ 189,420 25,000

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