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The following table contains a hypothetical partial master budget performance report for Old World Fudge Company Click the icon to view the partial master budget

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The following table contains a hypothetical partial master budget performance report for Old World 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 for unfavorable (U). Enter the variances positive numbers Labelcach variance as favoritev (U) of the vario is , make sure to enter in a 'o' A variance of pero is considered favorable) Data Table ond World Pidge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Sales volume (numbe Flexible Budget Variance Actual Flexible Budget 13.300 Volume Variance Choose from any list of Master Budget 12,300 Sales volume number of cases sold) 13.300 Data Table ang tabi the ico missing sure to $ unfavorable 355,100 $ 359,100 $ 332,100 S Sales revenue ($27 per case) Less variable expenses: Sales expenso ($5 per case sold) Shipping expense ($4 per case sold) Contribution margin Less foxed expenses Salarios Office rent 84,600 52,200 238,300 66,500 53,200 239.400 61,500 49 200 221,400 10.900 3,200 224,200 9,900 3,200 226,300 3.200 208,300 S $ volume in Operating income Print Done from any Flexible Flexible Budget Variance Volume Variance Actual 13,300 Budget 13,300 Master Budget 12,300 Sales volume (number of cases sold) $ 355,100 $ 359,100 $ 332,100 Sales revenue ($27 per case) Less variable expenses! Sales expense ($5 per case sold) Shipping expense ($4 per case sold) $ $ 64,600 52,200 $ 66,500 53,200 61,500 49,200 $ ON $ 66,500 53,200 239,400 $ 64,600 52,200 238,300 61,500 49.200 221,400 Less variable expenses: Sales expense ($5 per case sold) Shipping expense ($4 per case sold) Contribution margin Less fixed expenses: Salaries Office rent Operating income 10,900 9,900 3.200 3,200 9,900 3,200 $ 226,300 208,300 $ 224,200

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