The following table contains a hypothetical partial master budget performance report for Amazing Fudge Company Click the icon to view the partial master budget performance report) Fun 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) unfavorable (U). the variance is make sure to enter in a 'O'. A variance of zero is considered favorable) V ariance Volume Variance Actual 13,200 Budget 13.200 Master Budget 12.500 Sales volume number of cases sold) 21.700 FS 387,500 3.500 US 409.2005 odules $405.700 $ Tools S $ 38000 Sales revenue ($31 per case) Lots variable expenses Sales experie (53 perse sold) Shoping experve (5 per case sold Conton margin Loss fixed expenses 1.600 F BOD F 19 600 6.000 2,100 US 3.500 U 16.100 F 37,500 62,500 287,500 200 302,500 1.100 U 303,600 9,800 10.600 2.600 9,600 .600 1 2 Officerent Operating income 275.300 S 201,400 $200 300 Amazing Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Budget Variance Volume Variance Actual 13,200 Master Budget 12,500 Sales volume (number of cases sold) 13,200 405,700 $ 409,200 387,500 $ Sales revenue (531 per case) Less variable expenses: Sales expense ($3 per case sold) Shipping expense ($5 per case sold) Contribution margin Less fixed expenses 38,000 65.200 39,600 66,000 303,600 37,500 62,500 287,500 302,500 Print Done