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Flexible Budget Variance Actual Flexible Budget 12,800 Volume Variance Master Budget Sales volume (number of cases sold) 12,800 12,000 392,000 396,800 372,000 5 Sales revenue ($31 per case) Less variable expenses: Sales expense (55 per case sold) Shipping expense (52 per case sold) Contribution margin Less faced expenses: Salaries 61,400 25.100 64,000 25,600 307 200 60,000 24,000 288,000 305,500 10,900 3.800 290.800 9,600 3.800 9,600 3,800 Office rent Operating income 293,800 274,600 TU-13 (SITUS to) The following table contains a hypothetical partial master budget performance report for Divine Fudge Company Click the icon to view the partial master budget performance report) Fat in the missing amounts Be sure to indicate whether variances are favorable (F) or unfavorable (U) (Enter the variances as positive numbers Labelcach variance as favorable (F) or unfavorable sure to enter in a "0" Avalance of zero is considered favorable) For Year Ended December 31 Flexible Budget Variance Actual Flexible Budget 12.000 Volume Variance Master Budget 12.000 Sales volume number of cases sold) 12,800 $ 392.000 U 5 396.000 372.000 Sales revenue (531 per case) Less variable expenses Sales expense (55 per case sold Shipping expense (52 per case sold) Conton margin $ 51,400 25.100 305.500 Es 64,000 C 25.600 u 307.200 60,000 20000 2000

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