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Sanco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Sanco'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.) Sanco 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 Master Budget 30,000 Output units Sales revenue 5,000 F $ 240,000 $ 185,000 $ 187,500 Less: Variable expenses Contribution margin Less: Fixed expenses 18,500 23,000 Operating income A D E F 1 4 Sanco Industries 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended November 30 Flexible budget Flexible Volume Actual variance Budget Variance 5 Output units 25,000 ? 6 Sales revenue $ 240,000 $5,000 F ? 7 Less: Variable expenses 185,000 ? ? ? $ 8 Contribution margin ? ? ? ? 9 Less: Fixed expenses 18,500 ? ? ? ? ? 10 Operating income Master Budget 30,000 ? ? 187,500 ? ? ? 23,000