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 9,500 cases, resulting in total sales revenue of $264,500. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) .) - X Chocolate Muffins Data Table Data Table 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 9,400 cases 3 Master Budget 9,400 cases 5 Sales revenue Budgeted sales in cases ... Packaging cost per case..... s S Shipping expense per case. Sales commission expense Salaries expense S Office rent.. S Depreciation S Insurance expense.. S Office supplies expense ......S 2% of sales price 6,400 3,600 Packaging cost................ S 28.700 Shipping expense S 49,900 Sales commission expense S 5,290 Salaries expense S 7,200 S Office rent 3,600 Depreciation S 3,300 Insurance expense. ....... S 1,000 Office supplies expense......... S 800 (S27 per case) Variable operating expenses: IN 3,300 1,800 700 Packaging expense ($3 per case sold) Shipping expense (S5 per case sold) Sales commissions (2% of sales price) Fixed operating expenses: Salaries IN D IN Print Done 11 IN Print Done Office rent IN IN Depreciation Insurance expense Office Supplies expense U D INI Total operating expenses