The Lasting Balloon Company produces party balloons that are sold in multi-pack cases. Following is the company's performance report in contribution margin format for October: (Click the icon to view the performance report in contribution margin format.) Read the requirements. Flexible Budget Performance Report For the Month Ended October 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance 64000 6000 58000 Sales volume Sales revenue 203800 F. F 179800 24000 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Question 7. E10-27A (si. HW Score: 58.23%. 14.56 of 25 points rk: Chapter 101 O Data table format for Octobe mpany produces party ew the performance re 2 Actual vs. Budget Performance Report 3 For the Month Ended October 31 FI Master Budget Variance 4 Master Budget 58,000 Actual 5 Sales volume (number of cases sold) 64,000 6 Sales revenue $ 203,800 $ 179,800 Actual 117,400 104,400 64000 7 Less: Variable expenses 8 Contribution margin $ 86,400/$ 75,400 203800 9 Less: Fixed expenses 72,500 71,000 es $ 10 Operating income 13,900 $ 4,400 Print Done