question 5

The following table contains a hypothetical partial master budget performance report for Olvia'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 0, make sure "A variance of zero is considered favorable) Olivia's Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Sales volume (number of cases sold) Sales revenue (125 per case) Less variable expenses Sales expense (13 per case sold) Shipping expense (35 per cose sold) Contribution margin Actual 13,400 $ 330,000 $ 38,300 60,200 225.500 Flexible Budget Flexible Variance Budget 13,400 $335.000 40,200 67,000 227,800 Volume Variance COD Master Budget 12,200 305.000 O Points: 0 of 1 34,600 61,000 207,400 thetical part al master b e to indicate d favorable xible Budget es sold) e sold) case sold) Data table 1 2 3 A 4 5 Sales volume (number of cases sold) 6 Sales revenue ($25 per case) 7 Less variable expenses: 8 Sales expense ($3 per case sold) Shipping expense ($5 per case sold). 9 10 Contribution margin 11 Less fixed expenses: 12 Salaries 13 Office rent 14 Operating income Video Get more help. Olivia's Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 $ $ $ B Actual Print 13,400 330,000 38,300 66,200 225,500 9,900 1,500 214,100 D Flexible Budget Flexible Variance Budget Done 13,400 $ 335,000 $ 40,200 67,000 227,800 8,900 1,500 $ 217,400 E Volume Variance F $ Master Budget 12,200 $ 305,000 36,600 61,000 207,400 8,900 1,500 $ 197,000 - X U). If i Clear all