S10-13 (similar to) The following table contains a hypothetical partial master budget performance report for Fun Time 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) "0". A variance of zero is considered favorable.) Fun Time Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Sales volume (number of cases sold) 13,300 13,300 12,000 $ 368,900 C O $ 372,400 D I $ 336,000 Sales revenue ($28 per case) Less variable expenses: Sales expense ($5 per case sold) $ 65,500 $ 66,500 $ $ 65,500 51,600 251,800 60,000 48,000 60,000 Shipping expense ($4 per case sold) Contribution margin 1 JO 53,200 252,700 228,000 Choose from any list or enter any number in the input fields and then click Check Answer. 1 partaining part remaining Clear All i Data Table Fun Time Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Budget Variance Actual Budget Volume Variance Master Budget Sales volume (number of cases sold) 13,300 13,300 12,000 $ 368,900 $ 372,400 336,000 Sales revenue ($28 per case) Less variable expenses: Sales expense ($5 per case sold) Shipping expense ($4 per case sold) $ $ 66,500 60,000 65,500 51,600 251,800 53,200 48,000 252,700 228,000 Contribution margin Less fixed expenses: Salaries 9,900 Office rent 11,300 2,600 237,900 9,900 2,600 240,200 2,600 215,500 Operating income $ $ Print Done