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 "O". A variance of zero is considered favorable.) s positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Variance Flexible Budget Volume Variance Master Budget Actual 13,400 Sales volume (number of cases sold) 13,400 12,600 S 435,700 S 442,200 $ 415,800 Sales revenue ($33 per case) Less variable expenses Sales expense ($5 per case sold) Shipping expense ($1 per case sold) Contribution margin S US 63,000 64.800 12.900 67,000 13,400 12,600 358,000 361,800 340,200 Data Table B D E F. 1 Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses 2 3 For the Year Ended December 31 Flexible Budget Actual Variance Flexible Budget Volume Variance Master Budget 4 13,400 13,400 12,600 5 Sales volume (number of cases sold) 6 Sales revenue ($33 per case) $ 435,700 $ 442,200 $ 415,800 7 Less variable expenses: $ 64,800 $ 67,000 $ 63,000 8 Sales expense ($5 per case sold) 9 Shipping expense ($1 per case sold) 10 Contribution margin 12,900 13,400 12,600 358,000 361,800 340,200 11 Less fixed expenses: 12 Salaries 9,200 8,800 8,800 13 Office rent 1,000 1,000 1,000 14 Operating income $ 347,800 $ 352,000 $ 330,400 Print Done