The following table contains a hypothetical partial master budget performance report for Divine 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). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Divine Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Sales volume (number of cases sold) Sales revenue ($26 per case) Less variable expenses: Sales expense ($1 per case sold) Shipping expense ($3 per case sold) Contribution margin Flexible Budget Flexible Actual Variance 12,900 Budget 12,900 Volume Variance Master Budget 11,600 $ 330,400 $ 335,400 $ 301,600 $ 11,000 $ 12,900 $ 11,600 36,300 38.700 34,800 283,100 283,800 255,200 Video Etext pages Get more help Clear all Check answer Data table 1 2 3 A B C D E Divine Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 LL F 4 Actual Sales volume (number of cases 5 sold) 12,900 6 Sales revenue ($26 per case) $ 330,400 Flexible Budget Flexible Volume Master Variance Budget Variance Budget 12,900 11,600 $ 335,400 $ 301,600 7 Less variable expenses: 8 Sales expense ($1 per case sold) Shipping expense ($3 per case $ 11,000 $ 12,900 $ 11,600 9 sold) 36,300 38,700 34,800 10 Contribution margin 283,100 283,800 255,200 11 Less fixed expenses: 12 Salaries 13 Office rent 11,800 10,500 10,500 2,800 2,800 2,800 Print Done