he following table contains a hypothetical partial master budget performance report for

Organic

Fudge Company.

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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 0, make sure to enter in a "0". A variance of zero is considered favorable.)

Organic Fudge Company
Flexible Budget Performance Report: Sales and Operating Expenses
For Year Ended December 31
		Flexible Budget		Flexible
	Actual	Variance		Budget	Volume Variance		Master Budget
Sales volume (number of cases sold)	13,300			13,300			12,000
Sales revenue ($34 per case)	$448,200			$452,200			$408,000
Less variable expenses:
Sales expense ($3 per case sold)	$39,400			$39,900			$36,000
Shipping expense ($1 per case sold)	12,500			13,300			12,000
Contribution margin	396,300			399,000			360,000