Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $28 per case. The following information relates to the budget for Echo Canyon 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 after the amount you enter. If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Sales revenue ($28 per case) Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual Budget Budget Volume Budget 8,600 cases Variance 8,600 cases Variance 8,400 cases Budget information Budgeted sales in cases Packaging cost per case....... Shipping expense per case. Sales commission expense Salaries expense Office rent.... Depreciation Insurance expense.. Office supplies expense S 69 - X 8,400 cases 5 4 3% of sales price in fa 69 $ 6,900 $ 55 $ 3,900 es 2,800 $ 69 1,800 EA $ 1,000 Volu aria Print Done Actual expenses Packaging cost.. $ 43,700 Shipping expense. $ 35,200 Sales commission expense......$ 7,464 Salaries expense.. $ 8,200 Office rent..... $ 3,900 Depreciation GA $ 2,800 Insurance expense.... $ 1,500 Office supplies expense $ 1,100 During the year, Echo Canyon Muffins actually sold 8,600 cases, resulting in total sales revenue of $248,800. Print Done - X 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). Print Done X