Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $27 per case. The following information relates to the budget for Chocolate Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Chocolate Muffins actually sold 9,200 cases, resulting in total sales revenue of $256,500. 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 Chocolate 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 "O". A variance of zero is considered favorable.) Data table 9,000 cases . . . . . 3 Budgeted sales in cases Packaging cost per case $ Shipping expense per case .... $ Sales commission expense Salaries expense $ 4 2% of sales price 6,600 Office rent. $ 3,800 $ 3,100 Depreciation .. Insurance expense Office supplies expense $ 2,300 $ 1,000 Data table Packaging cost. $ 28,500 Shipping expense. $ 39,000 Sales commission expense $ 5,130 $ 8,100 Salaries expense Office rent .... Depreciation $ 3,800 .. $ 3,100 . Insurance expense $ 1,900 Office supplies expense ... $ 1,600 . . Chocolate Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Master Actual Budget Variance Flexible Budget 9,200 cases Volume Variance Budget 9,000 cases 9,200 cases Sales revenue (527 per case)