The following table contains a hypothetical partial master budget performance report for D'Vine fudge company. Fill in the missing amounts. Be sure to indicate whether variances are favorable or unfavorable. Enter the variances as positive numbers. Label each ferry and see as favorable or unfavorable. If the variance is zero, make sure to enter zero. The variance of zero is considered favorable

bine The following table contains a hypothetical partial master budget performance report for Divine 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.) Divine Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Variance Flexible Budget 13,300 Actual 13,300 Volume Variance Master Budget 12,600 Sales volume (number of cases sold) $ 380,700 $ 385,700 $ 365,400 Sales revenue ($29 per case) Less variable expenses: Sales expense ($5 per case sold) Shipping expense ($1 per case sold) Contribution margin $ 63,600 11,700 305,400 $ 66,500 13,300 305,900 63,000 12,600 289,800 I Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Volume Variance Actual Variance Budget Master Budget Sales volume (number of cases sold) 13,300 13,300 12,600 380,700 385,700 365,400 63,600 66,500 63,000 Sales revenue ($29 per case) Less variable expenses: Sales expense ($5 per case sold) Shipping expense ($1 per case sold) Contribution margin Less fixed expenses: Salaries .700 13,300 305,900 12,600 289,800 305,400 10,800 Office rent 10,800 2,600 292,500 2,600 Operating income $ 291,200 $ $ 276,400