The following table contains a hypothetical partial master budget performance report for European Fudge Company. EE (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. If the variance is 0, make sure to enter in a "O". Label each variance as favorable (F) or unfavorable (U).) Flexible Budget Flexible Variance Budget Volume Variance Master Budget 12,800 Actual Sales volume (number of cases sold) 12,800 12,000 $ 431,200 $ 435,200 s408,000 Sales revenue ($34 per case) Less variable expenses: $ 50,200 $ 51,200 Sales expense ($4 per case sold) Shipping expense ($1 per case sold) 48,000 10,4001 | 12,8001 12,000 371.2001 ] 348,000 Contribution margin Less fixed expenses: 370,600 8,900 2,900 336,200 9,800 8,900 2,9002,900 $359,400 Salaries Office rent Operating income $ 357,900