The following table contains a hypothetical partial master budget performance report for New England Fudge Company BE(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.) New England Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of cases sold) 13,200 13,200 12,000 $ 338,200 $ 343,200 $ 312,000 $ Sales revenue ($26 per case) Less variable expenses: Sales expense ($2 per case sold) Shipping expense ($5 per case sold) Contribution margin Less fixed expenses: Salaries $ 24,500 65,500 $ 26,400 66,000 250,800 24,000 60,000 228,000 248,200 12,200 3,500 Office rent 10,800 3,500 $ 236,500 10,800 3,500 213,700 Operating income $ 232,500 Choose from any list or enter any number in the input fields and then continue to the next question. ? - X 1 Data Table New England Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Budget Variance Actual Volume Variance Budget 13,200 Master Budget 12,000 Sales volume (number of cases sold) 13,200 338,200 $ 343,200 $ 312,000 Sales revenue ($26 per case) Less variable expenses Sales expense ($2 per case sold) Shipping expense ($5 per case sold) Contribution margin $ $ 26.400 $ 24,500 65,500 66,000 24,000 60,000 228,000 248,200 250,800 Less fixed expenses Salaries 10,800 10,800 Office rent 12,200 3,500 232,500 3,500 3,500 Operating income $ $ 236,500 $ 213,700 Print Done