X Data table A B C D E F Old World Fudge Company 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended December 31 Flexible Budget Flexible Volume Master 4 Actual Variance Budget Variance Budget 5 Sales volume (number of cases sold) 13,400 13,400 12,200 6 Sales revenue ($32 per case) $ 422,300 $ 428,800 $ 390,400 7 Less variable expenses: Sales expense ($2 per case sold) $ 24,000 $ 26,800 $ 24,400 9 Shipping expense ($4 per case sold) 52,600 53,600 48,800 10 Contribution margin 345,700 348,400 317,200 11 Less fixed expenses: 12 Salaries 10,300 8,800 8,800 13 Office rent 3,500 3,500 3,500 14 Operating income $ 331,900 $ 336, 100 $ 304,900The following table contains a hypothetical partial master budget performance report for Old World Fudge Company. (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.) Old World 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) 13,400 13,400 12,200 Sales revenue ($32 per case) $ 422,300 I 53 428,800 I $ 390,400 Less variable expenses: Sales expense ($2 per case sold) $ 24,000 I 53 26,800 I as 24,400 Shipping expense ($4 per case sold) 52,600 I 53,600 I 48,800 Contribution margin 345,700 I 348,400 I 317,200