Amazing Muffins
Flexible Budget Performance Report - Sales and Operating Expenses
For the Year Ended December 31
		Flexible		Flexible			Master
	Actual	Budget		Budget	Volume		Budget
	8,400 cases	Variance		8,400 cases	Variance		8,000 cases
Sales revenue
($32 per case)			(1)			(2)

Variable operating expenses:
Packaging expense ($2 per case sold)			(3)			(4)
Shipping expense ($5 per case sold)			(5)			(6)
Sales commissions (3% of sales price)			(7)			(8)

Fixed operating expenses:
Salaries			(9)			(10)
Office rent			(11)			(12)
Depreciation			(13)			(14)
Insurance expense			(15)			(16)
Office Supplies expense			(17)			(18)

Total operating expenses

(19)

(20)

Amazing Muffins sells its muffns to restaurants and coffee houses for an average selling price of 532 per case. The following information relates to the budget for Amazing Mufins for this year iallfigures are annual toals unless otherwise noted: Click the icon to view the budget information! During the year Amazing Mutina actually sold 8400 CASAA resung in total of 5276800 Actual san ) from the AA AA as low Click the icon to view the actual expenses. Requirement Construct a flexible budget performance report for Amazing Mufins for the year. Be sure to indicate whether each variance is favorable For unfavorable (U). (Enter the variances a positive numbers. Label each variance as w e For unfavorable (U). If the variance is 0, make sure to enter in a A riance of AO is considered tavara ) Amazing Muffins Flexible Budget Performance Report - Sules and Operating Expenses For the Year Ended December 31 Actual 8.400 cases Budget Variance Budget 8.400 cases volume Variance Master Hudget 8,000 cases Sales revenue ($12 per case Variable operating expenses Packaging expante (82 per casa sola Shipping expense ( per case sale) Print Sales commissions (3% of sales price Fixed operating expenses. Salaries H HEFHHHH Office rent Depreciation Insurance cxpense Office Supplies expense Total operating Axpe SAS 1: Data Table 0000 cases Budgeted sales in cases . Packaging cost per case....... Stippire expense per case ... . Sales commission expense Salaries expense ... Offcerent..... Daciation Insurance expense.... Office supplies expense S5 3% of Sales PACA S 6,700 53.400 s 800 2 Data Table Packaging cust..................$ Shinning Axess $ Sales commission expande . .. $ Salaries expense ..... - . .. $ Depreciahon S Insurance expense ............ . 17,300 44.200 .304 4300 3.400 2.800 (15) (20) (1) (2) (3) C (4) 0 (0) 0 (6) O O O O O O (10) O S OU OU OU OU OU OU OU OU OU (11) O OF OU (12) O OF OU (13) O (14) O OF OF OUOU OF OU (16) O OF OU (17) O OF OU (19) O OF OU (19) O OF OU