Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $28 per case. The following information relates to the budget for Chocolate Muffins for this year (all figures are annual totals unless otherwise noted): 3 Click the icon to view the budget information.) During the year, Chocolate Muffins actually sold 9,800 cases, resulting in total sales revenue of $282,000. 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 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 "0". A variance of zero is considered favorable.) C. Chocolate Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual Volume Budget Variance Budget 9,800 cases Budget 9,700 cases 9,800 cases Variance Sales revenue ($28 per case) Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $28 per case. The following information relates to the budget for Chocolate Muffins for this year (all figures are annual totals unless otherwise noted): E (Click the icon to view the budget information.) 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.) - X Data Table - X Data Table 9,700 cases $ 49,500 5 4 Ind Ope Budgeted sales in cases Packaging cost per case $ Shipping expense per case .... $ Sales commission expense .... Salaries expense $ Office rent $ Depreciation $ $ 41,800 $ 2.820 ber 31 Packaging cost Shipping expense Sales commission expense Salaries expense Office rent 1% of sales price 6,300 $ 7,100 $ 3,800 3,800 3,300 Depreciation $ 3,300 Insurance expense $ 2,200 Insurance expense Office supplies expense $ 1,800 ......$ 1,300 1,200 Office supplies expense ...... $ Print Done Print Done fk Cheg Help Me Solve This Video Get More Help Clear All Check