ACC 241 Uses of Accounting Information 11 (1) Dylan McKay $ 11/22/20 3:49 PM Homework: HW #10 - Chapter 11 Save Score: 0 of 1 pt 1 of 10 (7 complete) HW Score: 70%, 7 of 10 pts Data Table S10-13 (similar to) 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 arounts. Be sure to indicate whether variances are favorable (F) or unfavorable (U). {Enter the variances as positiv in a "0". A variance of zero is considered favorable.) Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses : For Year Ended December 31 Flexible Budget 2 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume Master 4 Actual Variance Budget Variance Budget Sales volume (number of S cases sold) 12,800 12,800 11,800 6 Sales revenue ($26 per case) $ 326,300 $ 332,800 $ 306,800 7 Less variable expenses Sales expense ($4 per 8 case sold) $ 49,000 $ 51,200 $ 47,200 Shipping expense ($1 per 9 case sold) 12,800 11,800 10 Contribution margin 265,500 268,800 247,800 11 Less fixed expenses: 12 Salaries 10,600 9,800 13 Office rent 1,000 1,000 1,000 14 Operatina income $ 253,900 S 258,000 $ 237.000 Actual Flexible Budget 12,800 Variance Volume Variance Master Budget 11.800 Sales volume (number of cases sold) 12,800 11,800 $ 326.300 S 332,800 | S 306,800 Sales revenue ($26 per case) Less variable expenses: 9.800 $ Sales expense ($4 per case sold) Shipping expense ($1 per case sold) Contribution margin $ 49,000 11,800 S 51,200 12,800 47,200 11,800 265,500 268,800 247,800 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 1 remaining Clear All Check