The following table contains a hypothetical partial master budget performance report for Old World Fudge Company. B (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.) Old World Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Actual Flexible Budget Flexible Variance Budget volume Variance Master Budget 13,200 12,300 Sales volume (number of cases sold) 13,200 $ 456,000 $ 6,000 U $ 462,000 $ 31,500 F $ 430,500 Sales revenue ($35 per case) Less variable expenses: Sales expense (S4 per case sold) Shipping expense ($1 per case sold) $ 52,000 800 F $ 52,800 1,600 F 13,200 3,600 U $ 900 U U 49,200 12.300 11,600 Contribution margin 392,400 3,600 U 396,000 27,000 F 369,000 Less fixed expenses: Salaries 11,600 10,800 10,800 Office rent 3,500 3,500 3,500 $ 377,300 Operating income $ 381,700 $ 354,700 The following table contains a hy (Click the icon to view the pa i Data Table Fill in the missing amounts. Bes unfavorable (U). If the variance i th variance as favorable (F) or F FI Master Budget A B D E 1 Old World 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 Sales volume (number of cases 5 sold) 13,200 13,200 6 Sales revenue ($35 per case) $ 456,000 $ 462,000 7 Less variable expenses 8 Sales expense ($4 per case sold) $ 52.000 $ 52,800 Shipping expense ($1 per case 9 sold) 11,600 13,200 12,300 Sales volume (number of case $ 430.500 $ 49,200 Sales revenue ($35 per case) Less variable expenses: : Sales expense ($4 per case 12,300 Shipping expense ($1 per ce 392,400 396,000 369,000 Contribution margin Less fixed expenses: Salaries 10 Contribution margin 11 Less fixed expenses: 12 Salaries 11,600 10,800 10,800 13 Office rent 3,500 3,500 3,500 Office rent 14 Operating income $ 377,300 $ 381,700 $ 354,700 Operating income Print Done Done Choose from any list or enter & ? All parts showing Clear All Check Answer Pearson