The following table contains a hypothetical partial master budget performance report for Organic 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.) Organic Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Sales volume (number of cases sold) Sales revenue ($25 per case) Less variable expenses Sales expense ($4 per case sold) Shipping expense ($1 per case sold) Contribution margin Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget 13,400 13,400 12,700 $ 331,000 $335,000 317,500 $ 53,100 $ 53,600 $ 50,800 11,000 13,400 12,700 266,900 268,000 254,000 Data table 1 2 3 B Organic Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 E 4 Actual Flexible Budget Variance 5 Sales volume (number of cases sold) 13,400 6 Sales revenue ($25 per case) $ 331,000 Flexible Volume Budget Master Variance Budget 13,400 12,700 $ 335,000 $ 317,500 7 Less variable expenses: 8 Sales expense ($4 per case sold) $ 53,100 $ 53,600 $ 50,800 9 Shipping expense ($1 per case sold) 11,000 13,400 12,700 10 Contribution margin 266,900 268,000 254,000 12 11 Less fixed expenses: Salaries 9,800 8,900 8,900 13 Office rent 3,500 3,500 3,500 14 Operating income $ 253,600 $ 255,600 $ 241,600