Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $29 per case. The following information relates to the budget for Echo Canyon Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Echo Canyon Muffins actually sold 9,900 cases, resulting in total sales revenue of $295,100. 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 Echo Canyon 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 ($29 per case) Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget 9,900 cases Variance Budget 9,900 cases Volume Master Budget Variance 9,500 cases Data table Budgeted sales in cases **** - forman indicat D. (Ente as favo ure to 9,500 cases 2 1 Packaging cost per case......$ Shipping expense per case .... $ 5% of sales price Sales commission expense Salaries expense $ 6,500 Office rent $ 3,900 b Depreciation Insurance expense Office supplies expense $ 3,100 $ 2,100 $ SA 1,000 M B 9,50 Print Done sto restaurants and coffee houses Data table A Packaging cost l Shipping expense Require $ 20,900 .... $ 11,800 Sales commission expense..... $ 14,755 Salaries expense Office rent ... $ 7,500 $ 3,900 Depreciation $ 3,100 e Insurance expense $ 1,700 Office supplies expense $ 1,300 Print Done - - X