Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 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, tesulting in total sales revenue of $254,600. 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 Labelcach variance as favorable (F) or unfavorable (U). If the variance is 0. make sure to enter in a *o* A variance of zero is considered favorable) Boston Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 9,500 cases Variance 9,500 cases Variance Master Budget 8,900 cases Sales revenue ($26 per case) 8,900 cases Budgeted sales in cases Packaging cost per case ...... $ Shipping expense per case $ 2 4 1% of sales price Sales commission expense .... Salaries expense $ Office rent. $ 6,600 4,100 $ 2,900 Depreciation Insurance expense Office supplies expense $ 1,500 $ 1,100 Packaging cost. $ 19,600 Shipping expense.. Sales commission expense ... $ $ 40,600 ...$ 2,546 Salaries expense $ 7,400 Office rent ... .:. $ 4,100 Depreciation ....$ 2,900 Insurance expense .... $ 700 Office supplies expense $ 1,200