The following table contains a hypothetical partial master budget performance report for Old World 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 "O". A variance of zero is considered favorable) Data Table Old World Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Sales volume (number of cases sold) 13,200 13,200 12,300 S 456,000 $ 462,000 S 430,500 Sales revenue (S35 per case) Less variable experises: Sales expense (54 per case sold) Shipping expense ($1 per case sold) Contribution margin S 52 300 5 $ 52,000 11.600 49,200 12,300 A B D E F 1 Old World Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume Master Actual Variance Budget Variance Budget Sales volume (number of 5 cases sold) 13,200 13,200 12,300 6 Sales revenue (S35 per case) $ 456,000 $ 462,000 S 430,500 7 Less variable expenses: Sales expense (S4 per case 8 sold) $ 52,000 $ 52,800 S 49,200 Shipping expense ($1 per 9 case sold) 11,600 13,200 12,300 10 Contribution margin 392,400 396,000 369,000 11 Less fixed expenses: 12 Salaries 11,600 10,800 10.800 13 Office rent 3.500 3,500 3.500 14 Operating income $ 377,300 $ 381,700 $ 354,700 13.200 392,400 396.000 369,000 Choose from any list or enter any number in the input fields and then click Check Answer. . part 1 remaining Clear All Print Done