The following table contains a hypothetical partial master budget performance report for European 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.) European Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For Year Ended December 31 Flexible Budget Flexible Volume Master Actual Variance Budget Variance Budget Sales volume (number of cases sold) 12,500 12,500 11,600 Sales revenue ($34 per case) $419,500 $ 5,500 U $425,000 40800 F 394,400 Less variable expenses: Sales expense ($5 per case sold) $ 60,100 2900 F $ 62,500 6000 U $ 58,000 Shipping expense ($4 per case sold) Contribution margin 49,500 309,900 2200 F 50,000 400 U 312,500 1200 U 46,400 33600 F 290,000