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):

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(Click the icon to view the budget information.)During the year,

Dream

Muffins actually sold

7,900

cases, resulting in total sales revenue of

$267,900.

Actual expenses (in total) from this year are as follows:

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(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.)

Dream Muffins
Flexible Budget Performance Report - Sales and Operating Expenses
For the Year Ended December 31
		Flexible		Flexible			Master
	Actual	Budget		Budget	Volume		Budget
	7,900 cases	Variance		7,900 cases	Variance		7,500 cases
Sales revenue
($33 per case)

Choose from any list or enter any number in the input fields and then click Check Answer.

Budgeted sales in cases. . . . . . .

7,500 cases

Packaging cost per case. . . . . . .

$4

Shipping expense per case. . . . .

$5

Sales commission expense. . . .

2% of sales price

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

$6,000

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

$3,900

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

$3,100

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

$2,200

Office supplies expense. . . . . . .

$900

Packaging cost. . . . . . . . . . . . . .	$32,700
Shipping expense. . . . . . . . . . . . . .	$40,000
Sales commission expense. . . . . .	$5,358
Salaries expense. . . . . . . . . . . . . . .	$6,800
Office rent. . . . . . . . . . . . . . . . . . . .	$3,900
Depreciation. . . . . . . . . . . . . . . . . .	$3,100
Insurance expense. . . . . . . . . . . . .	$1,800
Office supplies expense. . . . . . . .	$1,100