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 "0". 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 Variance Flexible Budget 12.600 Actual 12.600 Volume Variance Master Budget 11.600 Sales volume (number of cases sold) $ 308,500 $ 315,000 $ 290,000 Sales revenue ($25 per case) Less variable expenses: Sales expense ($1 per case sold) Shipping expense ($5 per case sold) Contribution margin 11,600 $ 9,700 62,000 236,800 ]$ 12,600 63,000 I 239,400 58,000 220,400 European Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Actual V ariance Budget Volume Variance Master Budget Sales volume (number of cases sold) 12,600 12,600 11,600 Sales revenue ($25 per case) $ 308,500 $ 315,000 $ 290,000 9,700 $ 12,600 11,600 62,000 63,000 Less variable expenses: Sales expense ($1 per case sold) Shipping expense ($5 per case sold) Contribution margin Less fixed expenses: Salaries Office rent 58,000 220,400 236,800 239,400 10,500 11,400 3,000 10,500 3,000 3,000