The following table contains a hypothetical partial master budget performance report for Amazing 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.$)$

Amazing Fudge Company

Flexible Budget Performance Report: Sales and Operating Expenses

For Year Ended December $31$

Flexible Budget Flexible

$\backslash$table$[[.,4,$Actual,$\backslash$table$[[$exible Budget$],[$Variance$]],\backslash$table$[[$Flexible$],[$Budget$]],$Volume Variance,Master Budget$],[$Sales volume $($number of cases sold$),,12,800,4,12,800,$L$,11,800],[$Sales revenue $($ $$27$ per case$),$$$,341,600,,$$$345,600,,$$$,318,600],[$Less variable expenses:,,,,,,$$,],[$Sales expense $($ $$1$ per case sold$),$$$,11,200,,$$$,12,800,,11,800],[$Shipping expense $($ $$5$ per case sold$),,63,200,,64,000,,59,000],[$Contribution margin,,$267,200,,268,800,,,247,800]]$