Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of $31 per case. The following information relates to the budget for Boston Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Boston Muffins actually sold 9,500 cases, resulting in total sales revenue of $302,000. 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 Boston 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.) Sales revenue ($31 per case) Data table Budgeted sales in cases..... 9,300 cases C... Packaging cost per case $ 5 Shipping expense per case $ 4 Sales commission expense 3% of sales price Boston Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Salaries expense $ 6,400 Flexible Flexible Actual Budget Budget 9,500 cases Variance 9,500 cases Volume Variance Master Budget Office rent. $ 3,700 Depreciation $ 3,200 Insurance expense $ 1,600 Office supplies expense 900 9,300 cases F Print Done