nla-Bracero bma05 s10 13 start Excel Jonathan Trilla Page Layout Home Insert Page Layout Formulas Data Review View Data Tell me what you want to do Calibr -12A A Accounting aste Merge & Center-5, % , S-2 Formatting. Tableas Styles . Insert Delete Format ipboard Font Number when calculating variances, and use the drop-down selections for For U when describing the variances. Mark any O variances as "P.) Always use cell references and formulas where appropriate to receive full credit.) New England Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget l Flexible Volume E/U Actual Master Variance Budget Variance Budget Sales volume (number of cases sold) 13,200 13,20012.000 Sales revenue ($26 per case) Less variable expenses: s338,200 $343,200 $312,000 Sales expense ($2 per case sold) Shipping expense ($5 per case sold) 24,500 65,500 248,200 26,400 66,000 250,800 24,000 60,000 228,000 Contribution margin Less fixed expenses: Salaries Office rent 12,200 3,500 232,500 10,800 3,500 $236,500 10,800 3,500 $213,700 perating income