Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $28 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 8,400 cases, resulting in total sales revenue of $242,800. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Requirement Construct a flexible budget per variance is favorable (F) or unf (F) or unfavorable (U). If the va Budgeted sales in cases Packaging cost per case ..... $ Shipping expense per case..... $ Sales commission expense Salaries expense 8,300 cases 1 2 4% of sales price 6,000 Office rent. $ 3,600 Depreciation $ 3,300 Insurance expense. $ 1,600 Office supplies expense $ 500 Sales revenue Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 ($28 per case) Variable operating expenses: Packaging expense ($1 per case sold) Shipping expense ($2 per case sold) Sales commissions (4% of sales price) Data table Flexible Flexible Actual 8,400 cases Budget Variance Budget Volume Master Budget Packaging cost... $ 8,900 8,400 cases Variance 8,300 cases Shipping expense... $ 17,300 Sales commission expense... $ 9,712 $ 242,800 $ 7,600 F $ 235,200 $ 2,800 F $ 232,400 Salaries expense... $ 7,000 Office rent... $ 3,600 U U U Depreciation $ 3,300 Insurance expense $ 1,300 Office supplies expense $ 1,100