The following table contains a hypothetical partial master budget performance report for Organic 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 ze considered favorable.) Organic Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Flexible Budget Variance Actual Budget Volume Variance Master Budget Sales volume (number of cases sold) 12,500 12,500 11,200 $ 420,000 $ 425,000 380,800 Sales revenue ($34 per case) Less variable expenses: Sales expense ($1 per case sold) Shipping expense (54 per case sold) Contribution margin $ 10,900 $ 12,500 11,200 47,600 50,000 44.800 361,500 362,500 324,800 Less fixed expenses: Salaries 11,200 9,800 9,800 Office rent 1,500 1,500 1,500 $ 348,800 Operating income $ 351,200 $ 313,500 Choose from any list or enter any number in the input fields and then continue to the next question. X Data Table Organic Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Variance Flexible Budget 12,500 Actual 12,500 Volume Variance Master Budget 11,200 Sales volume (number of cases sold) $ 420,000 $ 425,000 HA 380,800 10,900 Sales revenue ($34 per case) Less variable expenses Sales expense (S1 per case sold) Shipping expense (54 per case sold) Contribution margin Less fixed expenses: Salaries Office rent Operating income 47,600 361,500 12,500 50,000 362,500 11,200 44,800 324,800 11,200 9,800 1,500 9,800 1,500 351,200 1,500 313,500 348,800 $ Print Done