Data Table Organic Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of cases sold) 13,300 13,300 12,500 459,500 $465,500 437,500 Sales revenue ($35 per case) Less variable expenses Sales expense ($5 per case sold) Shipping expense ($4 per case sold) 63,600 51,000 344,900 66,500 53,200 345,800 62,500 50,000 325,000 Contribution margin Less fixed expenses Salaries 10,500 10,300 10,300 Print Done The following table contains a hypothetical partial master budget performance report for Organic Fudge Company. E (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.) Organic 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) 13,300 13,300 12,500 Sales revenue ($35 per case) $459,500 $465,500 437,500 Less variable expenses: 62,500 50,000 325,000 Sales expense ($5 per case sold) $ 63,600 51,000 344,900 $ 66,500 Shipping expense ($4 per case sold) Contribution margin 345,800