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 performance report fo variance is favorable (F) or unfavorable (U). (Ente (F) or unfavorable (U). If the variance is 0, make Packaging cost.. Shipping expense.. Sales commission expense...... $ Salaries expense.. $ 8,900 $ 17,300 9,712 $ 7,000 Office rent... $ 3,600 Depreciation. $ 3,300 Insurance expense. $ 1,300 Office supplies expense $ 1,100 Sales revenue ($28 per case) Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Data table Flexible Flexible Actual 8,400 cases Budget Variance Budget 8,400 cases Volume Variance Master Budget Budgeted sales in cases. 8,300 cases 8,300 cases Packaging cost per case... $ 1 Shipping expense per case ..... $ 2 Sales commission expense 4% of sales price F F Salaries expense $ 6,000 Office rent ... 3,600 Depreciation ... 3,300 Insurance expense.. 1,600 Office supplies expense $ 500 Done