The following table contains a hypothetical partial master budget performance report for Olivia's 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. Labelcach variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "o". A variance of zero is considered favorable.) Olivia's Fudge Company Flexible Budget Performance Report Sales and Operating Expenses For Year Ended December 31 Actual 12,900 Sales volume (number of cases sold) Flexible Budget Flexible Variance Budget volume Variance Master Budget 12,900 11,900 $ 448,500 $ 451,500 $ 416,500 Sales revenue ($35 per case) Less variable expenses Sales expense (51 per case sold) Shipping expense (54 per case sold) Contribution margin $ 12,100 $ 12,900 $ 49,700 386,700 51,600 387,000 11.900 47,600 357.000 Odve Data table llowing Click the the mig ce as E F each Master Budget 11,900 A B D E 1 Olivia's Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume 4 Actual Variance Budget Variance 5 Sales volume (number of cases sold) 12.900 12,900 6 Sales revenue ($35 per case) $ 448,500 $ 451,500 7 Less variable expenses 8 Sales expense ($1 per case sold) $ 12,100 $ 12.900 9 Shipping expense (54 per case sold) 49,700 51,600 10 Contribution margin 386,700 387,000 11 Less fixed expenses 12 Salaries 11,300 10,800 $ 416,500 $ 11.900 os volun 47,600 357.000 as revend s variable 10,800 Sales ex Shipping ntribution Print Done The following table contains a hypothetical partial master budget performance report for Olivia's 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. Labelcach variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "o". A variance of zero is considered favorable.) Olivia's Fudge Company Flexible Budget Performance Report Sales and Operating Expenses For Year Ended December 31 Actual 12,900 Sales volume (number of cases sold) Flexible Budget Flexible Variance Budget volume Variance Master Budget 12,900 11,900 $ 448,500 $ 451,500 $ 416,500 Sales revenue ($35 per case) Less variable expenses Sales expense (51 per case sold) Shipping expense (54 per case sold) Contribution margin $ 12,100 $ 12,900 $ 49,700 386,700 51,600 387,000 11.900 47,600 357.000 Odve Data table llowing Click the the mig ce as E F each Master Budget 11,900 A B D E 1 Olivia's Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume 4 Actual Variance Budget Variance 5 Sales volume (number of cases sold) 12.900 12,900 6 Sales revenue ($35 per case) $ 448,500 $ 451,500 7 Less variable expenses 8 Sales expense ($1 per case sold) $ 12,100 $ 12.900 9 Shipping expense (54 per case sold) 49,700 51,600 10 Contribution margin 386,700 387,000 11 Less fixed expenses 12 Salaries 11,300 10,800 $ 416,500 $ 11.900 os volun 47,600 357.000 as revend s variable 10,800 Sales ex Shipping ntribution Print Done
