The following table contains a hypothetical partial master budget performance report for Amazing 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 consideres favorable.) Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Sales volume (number of cases sold) Actual 13,500 Flexible Budget Flexible Variance Budget 13,500 Volume Variance Master Budget 12,200 Sales revenue ($31 per case) Less variable expenses $ 412,000 $ 418,500 378,200 Salos exponse ($3 per case sold) $ 39,500 $ 40,500 36,600 Shipping expense ($4 per case sold) 53,500 54,000 48,800 Contribution margin 319,000 324,000 292,800 pore help Clear all Check answer 3 TICAIDIC Duuyet renunnance neport. Sales aru Operaung C For the Year Ended December 31 4 Actual Flexible Budget Flexible Volume Variance Master Budget Variance Budget 5 Sales volume (number of cases sold) 13,500 13,500 12,200 6 Sales revenue ($31 per case) $ 412,000 $418,500 $ 378,200 7 Less variable expenses: 8 Sales expense ($3 per case sold) $ 39,500 $ 40,500 $ 36,600 Shipping expense ($4 per case 9 sold) 53,500 10 Contribution margin 319,000 54,000 324,000 48,800 292,800 11 Less fixed expenses: 12 Salaries 11,400 10,500 10,500 13 Office rent 2,600 2,600 2,600 14 Operating income 305,000 $ 310,900 $ 279,700 Print Done