Data table pr B D E F 1 Olivia's Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume Master 4 Actual Variance Budget Variance Budget 5 Sales volume (number of cases sold) 12,900 12,900 11,900 6 Sales revenue ($35 per case) $ 448,500 $ 451,500 $ 416,500 7 Less variable expenses: 8 Sales expense ($1 per case sold) $ 12,100 $ 12,900 $ 11,900 9 Shipping expense (54 per case sold) 49,700 51,600 47,600 10 Contribution margin 386,700 387,000 357,000 11 Less fixed expenses 12 Salaries 11,300 10,800 10.800 13 Office rent 3,000 3,000 3,000 14 Operating income 372,400 373,200 $ 343,200 The following table contains a hypothetical partial master budget performance report for Olivia's Fudge Company Click the icon to view the partial master budget performance report) Fill in the missing amounts. Be sure to indicate whether variances are favorable (F) or unfavorable (U). (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is O, make sure to enter in a *o" A variance of zero is considered favorable) Olivia's Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Variance Actual Flexible Budget 12,900 Volume Variance Master Budget 11,000 Sales volume (number of cases sold) 12,900 5445,500 10 s 451,500 410.500 $ Sales revence ($35 per cate) Less variable expenses Satos expone (51 per case sold) Shipping expense (84 per case sold) Contribution margin $ 12,100 49,700 386,700 $ 12.900 51.000 387,000 11,900 47,000 357,000