Trix 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) 12,900 12,900 11,600 Sales revenue ($33 per case) $ 420,700 $ 425,700 $ 382,800 Less variable expenses: $ 37,100 $ 38,700 34,800 Sales expense ($3 per case sold) Shipping expense ($4 per case sold) 48,700 51,600 46,400 Contribution margin 334,900 335,400 301,600