4. Hampton Muffins sells its muffins to restaurants and coffee Requirement houses for an average selling price of $27 per case. The Construct a flexible budget performance report for Hampton following information relates to the budget for Hampton Muffins for the year. Be sure to indicate whether each Muffins for this year (all figures are annual totals unless variance is favorable (F) or unfavorable (U). (Enter the otherwise noted) 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 During the year, Hampton Muffins actually sold 8,600 cases sure to enter in a "0". A variance of zero is considered resulting in total sales revenue of $239,400. Actual expenses favorable.) (in total) from this year are as follows: (Click the icon to view the actual expenses.) Hampton Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual Budget Budget Volume Budget 8,600 cases Variance 8,600 cases Variance 8,500 cases Sales revenue (2) ($27Ser case) Variable operating expenses: (3 Packaging expense ($2 per case sold) (4) (5) Shipping expense ($5 per case sold) (6) (7) (8) Sales commissions (3% of sales price) Fixed operating expenses (9) Salaries (11 (12) Office rent SITUTT TT 13 (14 Depreciation (15) (16) Insurance expense |(170 (18) Office Supplies expense (19% (20 Total operating expenses 1. Data Table