The foloring table contains a hypothetical partial master budget pericormance report for New England Furtge Company. Click the icon to view the partial master budget performance report.) Fill in the missing amounts. Be sure to indicate whether variancee are favorable For 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) A Data Table New England Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Flexible Budget Variance Volume Variance Actual 13,200 Master Budget 12,000 Sales volume (number of cases sold) 13.200 $ 338.200 S 343,200 3 312,000 Salee revenue ($28 per case) Less variabiu experises Sales expense ($2 per caso sold) Shipping expense (55 per case sold) Contribution margin $24.500 $ 65 500 56,000 250,00 24,000 50,000 228,000 A B D E F 1 New England Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Volume Master 4 Actual Variance Budget Variance Budget Sales volume (number of 5 cases sold 13,200 13,200 12,000 Sales revenue 1826 per 6 case) $ 398,200 $ $ 343 200 $ 312,000 7 Less variable expenses Sales experts (2 per B Case sold) $ 24,500 $ 28.400 $ 24,000 Shipping expense (55 par case sold E5,500 36.000 60,000 10 Contribution margin 248,200 250.00 224,000 11 Less fixed expenses: 12 Salaries 12,200 10.aco 10,000 13 Office rent 3,500 3,500 3,500 14 Operating income $ 232,500 $ 236,500 $ 213,700 24.200 L / Choose from any list or enter any number in the input fields and then click Check Answer. 7