The Great Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for March: EEB (Click the icon to view the performance report in contribution margin format.) Read the requirements Begin by completing the actual and master budget columns of the performance report and then the master budget variances. Then compute the flexible budget column and the remaining variance columns. (Round all amounts to the nearest whole dollar. For accounts with a 0 balance, make sure to enter "O" in the appropriate column. Label each variance as favorable (F) or unfavorable (U).) The Great Balloon Company Flexible Budget Performance Report For the Month Ended March 31 Master Budget Variance Flexible Budget Variance Volume Flexible Master Actual Budget Variance Budget 58,000 213,000 80,200 132,800 66,300 66,500 Sales volume Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Choose from any list or enter any number in the input fields and then click Check Answer Data Table The Great Balloon Company Actual vs. Budget Performance Report For the Month Ended March 31 Master Master Budget Budget Varianc Actual Sales volume (number of cases sold) 54,000 $ 213,000 $ 189,000 70,200 $ 132,800 $ 118,800 65,000 $ 66,500 $ 53,800 58,000 Sales revenue 80,200 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 66,300 Print Done