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 ". 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 Actual Variance Budget Volume Varane Master Budget 13,200 Sales volume (number of cases sold) 13,200 12,500 Sales revenue ($28 per case) $ 363,100 S 369,600 350,000 Less variable expenses: Sales expense ($2 per case sold) $ 23,800 51,200 288,100 S 26,400 25,000 50,000 275,000 Shipping expense ($4 per case sold) 52,800 290,400 Contribution margin Less fixed expenses: Salaries Office rent Operating income 10,500 3,200 $ 274.400 8,900 8,900 3,200 262,900 3,200 S 278,300