Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of $33 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Dream Muffins actually sold 8,900 cases, resulting in total sales revenue of $301,700. 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 Dream 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.) Sales revenue ($33 per case) Dream Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume Master Budget 8,900 cases Variance 8,900 cases Variance 8,400 cases Data table Packaging cost $ 35,800 Shipping expense.. $ 27,200 Sales commission expense...... $ 6,034 Salaries expense. 7,600 Office rent... $ 3,700 Depreciation .... . $ 2,400 Insurance expense 1,600 Office supplies expense 1,600 Print Done Data table Budgeted sales in cases Packaging cost per case Shipping expense per case..... 8,400 cases 4 3 Sales commission expense .... 2% of sales price Salaries expense . $ 6,600 Office rent.... $ 3,700 Depreciation .... . $ 2,400 Insurance expense 2,400 Office supplies expense . $ 1,000 Print Done