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 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.) Fun Time Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Flexible Budget Variance Actual Budget Volume Variance Master Budget 11,600 Sales volume (number of cases sold) 12,800 12,800 $365,200 $ 371,200 S 338.400 Sales revenue ($20 per case) Less variable expenses: Sales expense (31 per case sold) Shipping expense (53 per case sold) Contribution margin $10.900 $ 12.800 38,400 11.600 34.800 35,500 318.800 320.000 290.000 Data Table Fun Time Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Actual Variance Flexible Budget 12.800 Volume Variance Master Budget 11,600 Sales volume (number of cases sold) 12,800 S 385,200 $ 371.200 $ 338,400 $ 10.900 $ 12.800 $ Sales revenue ($29 per case) Less variable expenses: Sales expense (31 per case sold) Shipping expense (53 per case sold) Contribution margin Less fixed expenses Salaries 11,600 34.800 35.500 38.400 318.800 320,000 290,000 11.400 10.100 2.900 10.100 2.900 Office rent 2.900 S 304,500 S Operating income 307.000 S 277.000 Print Done