Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of S27 per case. The Requirement following information relates to the budget for Echo Canyon Mufins for this year fall figures are annual totals unless ctherwise Construct a flexible budget performance report for Echo Canyon Muffins for the year. Be sure to indicate whether each noted: variance is favorable (F) or unfavorable (U). Enter the variances as positive numbers Label sech variance as favorable (For Click the icon to view the budget information) unfavorable ius. If the variance is 0, make sure to enter in a "O". A variance of zero is considered favorabile) During the year, Echo Canyan Muffins actually sold 9,800 cases, resulting in total sales revenue of $272,800. Actual expenses (in total from this year are as follows: Click the icon to view the actual expenses. i Data Table Data Table 9.600 cases 1 Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 9,800 cases Variance 9,800 cases Variance 5 Master Budget 9,600 cases Packaging cost................ 10,100 Shipping expense... S 51,600 Sales commission expense .....S 10,912 Salaries expense S 7.400 Office rent S 3,900 Depreciation S 2.800 Insurance expense S 1,700 Office supplies expense S 900 Budgcted sales in cases....... Packaging cost per case..... Shipping expense por case..... $ Sales commission expense.... Salaries expense ............ Office rent ........... $ Depreciation $ Insurance expense Office supplies expense 3 49 of sales price 7.000 3.900 Sales reven $ 272,800 S 3,200 F 5 264.600 $ 5400 F $ 259,200 2.800 2.500 700 10,100 9.800 200 9,600 (527 per case) Variable operating expenses Packaging expanse (31 per case sold) Shipping expense (35 per case sold) Sales commissions (45% of sales price) Fixed operating expenses: 300 U 2,600 U 51,600 1 DO U 216 Print 49.000 10.584 48,000 11,368 Done Print Done 10,912 328 U Salaries U 7,400 3,900 2,800 1,700 900 Office rent Depreciation Insurance expense Ole Suppiles expense 1 1 F U Choose from any list or enter any number in the input fields and then click Check