Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $29 per case. The following information relates to the budget for Amazing Muffins for this year (all figures are annual totals unless otwse Construct a flexible budget performance report for Amazing Muffins for the year. Be sure to indicate whether each noted) Requirement variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "O". Label each variance as favorable (F) or unfavorable (U).) [Cck the icon to view the budget information.) During the year, Amazing Muffins actually sold 9,200 cases, resulting in total sales revenue of $274,300. Actual expenses (i (Cick the icon to view the actual expenses.) n total) from this year are as follows: Data Table Amazing Muffins Flexible Budget Performance Report Sales and Operating Expenses For the Year Ended December 31 Budgeted sales in cases Packaging cost per case Shipping expense per case Sales commission expense Salaries expense Office rent 8,800 cases Flexible Budget ariance9 Flexible Master Actual Budget Volume Budget 9,200 cases 9,200 cases Variance 8,800 cases 4% of sales price $ 6,500 S 4,100 Sales revenue $29 per case) Variable operating expenses: S 2,800 Packaging expense ($3 per case sold) Shipping expense ($2 per case sold) Sales commissions (4% of sales price) S 2,300 Insurance expense Office supplies expense S 800 Fixed operating expenses: Print Done