Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 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 8,100 cases, resulting in total sales revenue of $291,000. 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 ($35 per case) Boston Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Data table Budgeted sales in cases....... 7,500 cases Flexible Flexible Actual Budget Budget 8,100 cases Variance 8,100 cases Volume Variance Master Budget 7,500 cases Packaging cost per case Shipping expense per case $ Sales commission expense .... Salaries expense $ 4 ...... 1 5% of sales price $ 6,600 35 Office rent. $ 4,000 Depreciation $ 2,700 Insurance expense $ 1,700 Office supplies expense 1,400 Print Done