Divine Muffins sells its muffins to restaurants and coffee houses for an average selling price of $29 per case. The following information relates to the budget for Divine Muffins for this year (all figures are annual totals unless otherwise noted) Click the icon to view the budget information ) During the year Divine Muffins actually sold 9 200 cases resulting in total sales revenue of $274,000 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 Divine 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 vanance 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) Sales revenue (529 per case) Variable operating expenses Packaging expense ($4 per case sold) Shipping expense ($2 per case sold) Sales commissions (5% of sales price) Fixed operating expenses Salarios Office rent Depreciation Insurance expense Office Supplies expense Total operating expenses variance is favorable (F) or unfavorable (U) (Enter the for this year (all figures are annual totals unless otherwise Data table 1 Data table 8,600 cases 4 ...$ 37.000 $ 21.000 $ 13,700 $ 6,700 2 Packaging cost... Shipping expense Sales commission expense .. Salaries expense Office rent Depreciation Insurance expense Office supplies expense 5% of sales price 6,500 S Budgeted sales in cases...* Packaging cost per case.........S Shipping expense per case..... S Sales commission expense Salaries expense Office rent Depreciation Insurance expense. $ Office supplies expense 3.800 S 2.400 S 1 800 3,800 2.400 2,200 1,300 1,400 Print Done Print Done Office Supplies expense Total operating expenses