ndicate wheth orable.) A B C D E F 1 2 3 Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Budget Perfo 4 Actual Fo 5 Sales volume (number of cases sold) 13,200 6 Sales revenue ($27 per case) $ 349,900 Flexible Budget Flexible Volume Variance Budget Variance Budget Master 13,200 12,400 $ 356,400 $ 334,800 7 Less variable expenses: Actu 8 Sales expense ($5 per case sold) $ 63,200 $ 66,000 $ 62,000 13,2 9 Shipping expense ($4 per case sold) 50,400 52,800 49,600 10 Contribution margin 236,300 237,600 223,200 $ 349 11 Less fixed expenses: 12 Salaries 10,900 9,600 9,600 $ 63 13 Office rent 3,200 3,200 3,200 d) 50 $ 222,200 $ 224,800 $ 210,400 14 Operating income 236