Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $27 per case. The following information relates to the budget for Echo Canyon Muffins for this year (all figures are annual totals unless otherwise noted): B (Click the icon to view the budget information.) During the year, Echo Canyon Muffins actually sold 9,500 cases, resulting in total sales revenue of $264,700. 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.) Data Table Data Table Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 8,900 cases Flexible Flexible $ Master Packaging cost. 38,900 Budgeted sales in cases Packaging cost per case Shipping expense per case $ 4 $ Actual Budget Volume 10,300 Budget 9,500 cases Budget 8,900 cases Shipping expense Sales commission expense. 1 $ Variance 9,500 cases Variance $ 13,235 6,800 Sales commission expense. $ Sales revenue Salaries expense. Salaries expense 5% of sales price $ 6,000 $ 3,200 Office rent... $ ($27 per case) 3,200 3,000 Office rent. $ Depreciation. . $ 3,000 Depreciation.. Insurance expense. Office supplies expense. $ 900 Insurance expense $ 1,500 $ 900 Office supplies expense $ 700 Print Done Print Done