Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates to
Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates to the budget for Amazing Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Amazing Muffins actually sold 9,800 cases, resulting in total sales revenue of $350,500. Actual expenses (in total) from this year are as follows (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.)
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