Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of

$34 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted):

BUDGET

Budgeted sales in cases. . . . . .

8,300 cases

Packaging cost per case. . . . . .

$5

Shipping expense per case. . . .

$1

Sales commission expense. . . .

3% of sales price

Salaries expense. . . . . . . . . . . .

$6,400

Office rent. . . . . . . . . . . . . . . . .

$3,200

Depreciation. . . . . . . . . . . . . . .

$2,400

Insurance expense. . . . . . . . . .

$2,400

Office supplies expense. . . . . .

$1,000.

ACTUAL

Packaging cost. . . . . . . . . . . . . .	$42,500
Shipping expense. . . . . . . . . . . .	$10,300
Sales commission expense. . . . .	$8,811
Salaries expense. . . . . . . . . . . . .	$7,900
Office rent. . . . . . . . . . . . . . . . . .	$3,200
Depreciation. . . . . . . . . . . . . . . .	$2,400
Insurance expense. . . . . . . . . . .	$1,700
Office supplies expense. . . . . .	$1,100

During the year, Dream Muffins actually sold 8,400 cases, resulting in total sales revenue of $293,700.

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).

Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of $34 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted): View the budget information. View the actual expenses (in total) from this year. Read the requirement. (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U), in the input field afte the amount you enter. If the variance is 0 , make sure to enter in a "0". A variance of zero is considered favorable.)