Data Table European Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Actual Variance Volume Variance Budget 12,900 Master Budget 12,200 Sales volume (number of cases sold) 12,900 Sales revenue ($26 per case) $ 329,900 $ 335,400 317,200 Less variable expenses: $ $ 64,500 $ 61,000 Sales expense ($5 per case sold) Shipping expense ($1 per case sold) Contribution margin 61,700 12,100 12,900 12,200 256,100 258,000 244,000 Less fixed expenses: Salaries 9,200 8,800 8,800 Print Done The following table contains a hypothetical partial master budget performance report for European 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.) European Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of cases sold) 12,900 12,900 12,200 Sales revenue ($26 per case) $ 329,900 $ 335,400 $ 317,200 Less variable expenses: Sales expense ($5 per case sold) $ 61,700 $ 64,500 $ 61,000 Shipping expense ($1 per case sold) 12,100 12,900 12,200 Contribution margin 256,100 258,000 244,000 Choose from any list or enter any number in the input fields and then click Check