Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted): B (Click the icon to view the budget information.) During the year, Dream Muffins actually sold 8,600 cases, resulting in total sales revenue of $231,900. Actual expenses (in total) from this year are as follows: E: (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.) 0 Data Table Budgeted sales. in cases Packaging, cost.per.case 8,500 cases $ 1 $ 4 Shipping expense.per.case . . . . Sales commission expense. Salaries expense... Office rent ........ 3% of sales price $ 6,900 $ 3,100 $ 2,600 $ 2,500 Depreciation. Insurance expense. i Data Table A Packaging.cost. Shipping expense Sales commission expense A 9,300 36,800 6,957 7,700 3,100 Salaries expense A A Office rent. ........ A Depreciation.. 2,600 A 2,000 Insurance expense.. Office supplies expense.. 1,200 Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,600 cases Variance 8,600 cases Variance Master Budget 8,500 cases Sales revenue (526 per case) Variable operating expenses: Packaging expense ($1 per case sold) Shinning expens 154 ner caseid Sales commissions (3% of sales price) Fored operating expenses Salaries Officerent Depreciation