7. Boston Muffins sells its muffins to restaurants and coffee houses for an average Requirement selling price of $35 per case. The following information relates to the budget for Construct a flexible budget performance report for Boston Muffins for the year. Boston Muffins for this year (all figures are annual totals unless otherwise noted): Be sure to indicate whether each variance is favorable (F) or unfavorable (U). (Click the icon to view the budget information.) (Enter the variances as positive numbers. Label each variance as favorable (F) During the year, Boston Muffins actually sold 8.400 cases, resulting in total sales or unfavorable (U). If the variance is 0, make sure to enter in a "o". A variance of revenue of $301,200. Actual expenses (in total) from this year are as follows: zero is considered favorable.) 21Click the icon to view the actual expenses.) Boston Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,400 cases Variance 8,400 cases Variance Master Budget 7,900 cases Sales revenue (1) (2 ($35 per case) Variable operating expenses Packaging expense (51 per case sold) (3) (4) (5) 6) (73 (8) Shipping expense ($4 per case sold) Sales commissions (5% of sales price) Fixed operating expenses (9) (10) Salaries (11 (12) Office rent (13 (14 Depreciation (15) (10 Insurance expense ) (17 (1 Office Supplies expense (16 (20 Total operating expenses 1: Data Table 7.900 cases Budgeted sales in cases Packaging cost per case...... $ Shipping expense per case .... $ Sales commission expense .... Salaries expense Office rent $ Depreciation Insurance expense $ Office supplies expense ... 5% of sales price 6,900 3,600 3,200 2,400 600 2: Data Table Packaging cost $ 9,600 Shipping expense $ 35,800 Sales commission expense .....$ 15,060 Salaries expense S 8,500 Office rent S 3,600 Depreciation $ 3.200 Insurance expense S 1,900 Office supplies expense S 1.000 (9) (11) (2) O OF OU OF OU (3) O OF OU (5) O OF OU OF OU (6) O OF OU (10) O F (7) O OF OU (8) O OF OU OF U OF OU (12) (13) (16) (17) (18) (19) (20) (14) O OF OF (15) O OF OF OF OF OF OF 8
