Amazing Muffins sells its muffins to restaurants and coffee houses for an average Requirement selling price of $34 per case. The following information relates to the budget for Construct a flexible budget performance report for Amazing Muffins for the year. Amazing Muffins for this year (all figures are annual totals unless otherwise noted): Be sure to indicate whether each variance is favorable (F) or unfavorable (U). :: (Click the icon to view the budget information.) (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 During the year, Amazing Muffins actually sold 7,900 cases, resulting in total sales is considered favorable.) revenue of $275,800. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual Volume Budget Budget Variance Budget 7,900 cases 7,900 cases Variance 7,300 cases Sales revenue $ 275,800 $ 7,200 F $ 268,600 $ 20,400 F $ 248,200 ($34 per case) Variable operating expenses: Packaging expense ($5 per case sold) Shipping expense ($2 per case sold) Sales commissions (4% of sales price) U U U U U U