Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $34 per case. The following information relates to the budget for Amazing Muffins for this year (all figures are annual totals unless otherwise noted): BB (Click the icon to view the budget information.) During the year, Amazing Muffins actually sold 9,200 cases, resulting in total sales revenue of $321,100. Actual expenses (in total) from this year are as follows: BEE (Click the icon to view the actual expenses.) Requirement Construct a flexible budget performance report for Amazing Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Data table Budgeted sales in cases Packaging cost per case...... $ 69 8,700 cases 1 3 Shipping expense per case..... $ Sales commission expense Salaries expense $ 69 5% of sales price 6,800 Office rent... $ 3,900 Depreciation ... $ 3,200 Insurance expense. 69 $ 1,600 Office supplies expense . $ 800 Data table Packaging cost. Shipping expense.. $ 9,800 $$ 30,200 Sales commission expense...... $ 16,055 Salaries expense.. $ 7,200 Office rent.... SA $ 3,900 Depreciation 69 $ 3,200 Insurance expense... $ 1,200 Office supplies expense ... $ 1,000 - ] Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Sales revenue ($34 per case) Flexible Flexible Master Actual Budget Budget Volume Budget 9,200 cases Variance 9,200 cases Variance 8,700 cases