Northern Co$.$ manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data. Please show your work to get full credit.

Actual Results

Flexible Budget

Master Budget

Sales Volume $($in units$)$

$65,000$

$60,000$

$$

$$

Sales Revenues

$$1,190,000$

$$1,200,000$

Less: Variable Costs

$550,000$

$480,000$

Contribution Margin

$640,000$

$720,000$

Less: Fixed Costs

$430,000$

$420,000$

Operating Income

$210,000$

$300,000$

$($Required$)$

Fill out the blank cells with appropriate names and numbers. Also indicate if the variance is favorable $($F$)$ or Unfavorable $($U$).$