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 $)$ 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 $31$

$\backslash$table$[[$Sales volume $($number of cases sold$),$Actual,$\backslash$table$[[$xible Budge$],[$Variance$]],,,\backslash$table$[[$Flexible$],[$Budget$]],$Volume Variance,Master Budget$],[,13,500,,,,13,500,,,,2,800],[$Sales revenue $($ $$26$ per case$),$$$,345,500,,,$$$,351,000,18,200,F,$$$,332,800],[$Less variable expenses:$],[$Sales expense $($ $$4$ per case sold$),$$$,51,400,2,600,$F$,$$$,54,000,2,800,$u$,$$$,51,200],[$Shipping expense $($ $$3$ per case sold$),,37,700,20,800,F,,40,500,2,100,U,,38,400],[$Contribution margin,,$256,400,100,$U$,,256,500,13,300,$F$,,243,200],[$Less fixed expenses:$],[$Salaries$,,12,100,,,,10,500,,,,10,500],[$Office rent,,$3,500,,,,3,500,,,,3,500],[$Operating income,$$,240,800,,,$$$,242,500,,,$$$,229,200]]$