10.7 Thanks-

Hampton Muffins sells its muffins to restaurants and coffee houses for an Requirement average selling price of $32 per case. The following information relates to the Construct a flexible budget performance report for Hampton Muffins for the budget for Hampton Muffins for this year (all figures are annual totals unless year. Be sure to indicate whether each variance is favorable (F) or unfavorable otherwise noted): (U). (Enter the variances as positive numbers. Label each variance as (Click the icon to view the budget information.) favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a During the year, Hampton Muffins actually sold 8,600 cases, resulting in total "0". A variance of zero is considered favorable.) sales revenue of $282,600. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual 8100 Cases Budget Budget Volume Budget Sales revenue Variance F/U 8100 Cases Variance F/U 7500 Cases ($32 per case) Variable operating expenses. Packaging expense ($1 per case sold) Shipping expense ($2 per case sold) Sales commissions (4% of sales price) Fixed operating expenses: Salaries Office rent Depreciation Insurance expense Office Supplies expense Total operating expenses Budgeted sales in cases 8,200 cases 9,800 Packaging cost per case. $ Packaging cost. . . . . . . . . . . D 45,900 Shipping expense per case . C 5 Shipping expense CA Sales commission expense . 3% of sales price Sales commission expense . CA 8,478 6,500 Salaries expense 7.800 Salaries expense . 4.000 Office rent. . S 4,000 Office rent. . 3,300 Depreciation. 3,300 Depreciation. $ S 2,300 Insurance expense. 1,600 Insurance expense Office supplies expense $ 1.500 Office supplies expense 1,200