Question: will thumbs up > Lanco Industries has a relevant range extending to 31,500 units each month. The following performance report provides information about Lanco's budget

> Lanco Industries has a relevant range extending to 31,500 units each month. The following performance report provides information about Lanco's budget and actual performance for September 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.) Lanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance 29,000 Output units Master Budget 31,500 5,800 F $ 246,500 $ 205,900 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 195,300 18,500 23,000 Operating income - Data table B D E F 1 N 3 4 1 Lanco Industries Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Month Ended September 30 Flexible budget Flexible Volume Master 4 Actual variance Budget Variance Budget 5 Output units 29,000 ? 31,500 6 Sales revenue $ 246,500 $5,800 F ? ? ? 7 Less: Variable expenses 205,900 ? ? ? 195,300 8 Contribution margin ? ? ? ? ? 9 Less: Fixed expenses 18,500 ? ? 23,000 10 Operating income ? ? ? ? ? $ 2 2
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