Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling Requirement price of $34 per case. The following information relates to the budget for Echo Canyon Muffins for Construct a flexible budget performance report for Echo Canyon Muffins for the year. Be sure to this year (all figures are annual totals unless otherwise noted): indicate whether each variance is favorable (F) or unfavorable (U). (Enter the variances as (Click the icon to view the budget information.) 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.) During the year, Echo Canyon Muffins actually sold 9,500 cases, resulting in total sales revenue of $330,500. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 9,500 cases Variance 9,500 cases Variance Master Budget 9,100 cases Sales revenue ($34 per case) Data Table X X Data Table 9,100 cases $ 29,700 $ 10,000 $ 6,610 $ 7,000 3 1 Packaging cost. Shipping expense. Sales commission expense... Salaries expense.. Office rent... Depreciation Insurance expense.. Office supplies expense $ 3,900 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 $ 2% of sales price 6,100 3,900 $ 2,400 $ 2,200 2,400 $ 1,800 $ 2,500 1,200 Print Done Print Done