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 (Ux. (Ender the variances as positive numbers Label each variance as favorable variance is 0, make sure to enter in a "0" A variance of zero is considered tavorable) For Year Ended December 31 Flexible Budget Variance Actual Flexible Budget 12.900 Volume Variance Master Budget Sales volume (number of cases sold) 12,900 12.100 $ 355.700 $361,200 S 338.800 S Sales revenue ($28 per case) Less variable expenses Sales expense (55 per caso sold) Shipping expense (51 per case sold) Contribution margin $82.300 11.900 281,500 $ 54,500 12.900 283.800 60,500 12.100 268.200 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Help Me Solve This Video Get More Help 72F O Type here to search FI Data Table F 4 Master Budget A D 1 Divine Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume Actual Variance Budget Variance Sales volume (number of cases 5 sold) 12,900 12,900 6 Sales revenue ($28 per case) $ 355,700 S 361,200 7 Less variable expenses: 8 Sales expense ($5 per case sold) $ 62,300 $ 64,500 Shipping expense ($1 per case 12,900 9 11,900 sold) 12,100 $ 338,800 $ 60,500 12.100 Print Done 72F Data Table Valdnice Duages Validlice buuget soll 12,100 12,900 $361,200 $ 338,800 $ 64,500 $ 60,500 d) SO 4 Actual Sales volume (number of cases 5 sold) 12,900 6 Sales revenue (528 per case) $ 355,700 7 Less variable expenses: 8 Sales expense ($5 per case sold) $ 62,300 Shipping expense (81 per case 9 sold) 11.900 10 Contribution margin 281,500 11 Less fixed expenses: 12 Salaries 10,600 13 Office rent 2,800 14 Operating income $ 268,100 12,900 283,800 12, 100 266,200 nul 9,600 9,600 2,800 $ 271,400 2,800 $ 253,800 de Print Done O 72F A