The following table contains a hypothetical partial master budget pertormance report for European Fudge Company EEB Click the icon to view the partial master budget performarice reporL) Fill in the missing amounts. Be sure to indicate whether variaices are favorable (F) or unfavorable (U). (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the varianoe is 0, make sure to enter in a "O". A varianioe 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 Variance Master Budget Sales volume (number of cases sold) 13.300 13,300 12,400 Sales revenue ($32 per case) S 420,800 S 425,600 396,800 Less variable expenses Sales expense ($2 per case sold) S 24,000 S 26,600 24,800 Shipping expense (S5 per case sold)066 50062.000 Contribution margin 332,200 332,500 310,000 Data Table European Fudge Company Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended December 31 Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of cases sold) 13,300 13,300 12,400 420,800 $ 425,600 396,800 Sales revenue ($32 per case) Less variable expenses Sales expense ($2 per case sold) Shipping expense ($5 per case sold) 24,000 64,600 332,200 26,600 66,500 332,500 24,800 62,000 310,000 Contribution margin Less fixed expenses 10,900 1,500 319,800 9,900 1,500 298,600 Salaries 9,900 1,500 S 321,100 Office rent Operating income Print Done