The following table contains a hypothetical partial master budget performance report for Old World Fudge Company....

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The following table contains a hypothetical partial master budget performance report for Old World 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 to enter in a "0". A variance of zero is considered favorable.) ... Old World Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Sales volume (number of cases sold) Flexible Budget Actual Variance 13,200 Flexible Budget 13,200 Volume Variance Master Budget 12,400 Sales revenue ($34 per case) $ 442,300 U$ 448,800 421,600 Less variable expenses: Sales expense ($1 per case sold) $ 11,600 $ 13,200 $ 12,400 Shipping expense ($5 per case sold) 65,200 66,000 62,000 Contribution margin 365,500 369,600 347,200 Data table B C D E Old World Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses A 1 2 3 LL F I 4 Actual 5 Sales volume (number of cases sold) 13,200 6 Sales revenue ($34 per case) $ 442,300 For the Year Ended December 31 Flexible Budget Flexible Volume Variance Budget Variance Master Budget 13,200 12,400 $ 448,800 $ 421,600 7 Less variable expenses: 8 Sales expense ($1 per case sold) $ 11,600 $ 13,200 $ 12,400 9 Shipping expense ($5 per case sold) 65,200 66,000 62,000 10 Contribution margin 365,500 369,600 347,200 13 Office rent 11 Less fixed expenses: 12 23 Salaries 10,600 9,800 9,800 3,000 3,000 3,000 14 Operating income $ 351,900 $ 356,800 $ 334,400 Print Done The following table contains a hypothetical partial master budget performance report for Old World 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 to enter in a "0". A variance of zero is considered favorable.) ... Old World Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Sales volume (number of cases sold) Flexible Budget Actual Variance 13,200 Flexible Budget 13,200 Volume Variance Master Budget 12,400 Sales revenue ($34 per case) $ 442,300 U$ 448,800 421,600 Less variable expenses: Sales expense ($1 per case sold) $ 11,600 $ 13,200 $ 12,400 Shipping expense ($5 per case sold) 65,200 66,000 62,000 Contribution margin 365,500 369,600 347,200 Data table B C D E Old World Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses A 1 2 3 LL F I 4 Actual 5 Sales volume (number of cases sold) 13,200 6 Sales revenue ($34 per case) $ 442,300 For the Year Ended December 31 Flexible Budget Flexible Volume Variance Budget Variance Master Budget 13,200 12,400 $ 448,800 $ 421,600 7 Less variable expenses: 8 Sales expense ($1 per case sold) $ 11,600 $ 13,200 $ 12,400 9 Shipping expense ($5 per case sold) 65,200 66,000 62,000 10 Contribution margin 365,500 369,600 347,200 13 Office rent 11 Less fixed expenses: 12 23 Salaries 10,600 9,800 9,800 3,000 3,000 3,000 14 Operating income $ 351,900 $ 356,800 $ 334,400 Print Done