Panco Corporation has a relevant range extending to 30,000 units each month. The ­following performance report provides information about Panco’s budget and actual ­performance for November.

Requirement

Find the missing data for letters A through G. Be sure to label any variances as favorable or unfavorable.

Panco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended November 30 Flexible (A) Master Budget (B) Actual Budget 6 Output units 25,000 240,000 S 30,000 5,000 F 8 Sales revenue 9 Operating expenses: Variable expenses Fixed expenses (D) (E) 187,500 23,000 (F) 11 15,500 12 Total operating expenses 13 (G