The following table contains a hypothetical partial master budget performance report for Fun Time 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 numi 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.) Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of cases sold) 13,500 13,500 12,500 $ 412,000 $ 418,500 $ 387,500 Sales revenue ($31 per case) Less variable expenses: Sales expense (55 per case sold) Shipping expense ($2 per case sold) Contribution margin $ 65,600 $ $ 67,500 27,000 24,200 62,500 25,000 300,000 322,200 324,000 4 Actual Variance Variance Budget 13,500 Budget 12,500 13,500 $ 412,000 $ 418,500 $ 387,500 $ $ 67,500 $ 62,500 25,000 9 65,600 24,200 322,200 27,000 5 Sales volume (number of cases sold) 6 Sales revenue ($31 per case) 7 Less variable expenses: 8 Sales expense (55 per case sold) 9 Shipping expense (52 per case sold) 10 Contribution margin 11 Less fixed expenses 12 Salaries 13 Office rent 14 Operating income 324,000 300,000 11,200 9,800 9,800 3,200 3,200 3,200 $ 307,800 $ 311,000 $ 287,000 Print Done