Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $34 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 8,400 cases, resulting in total sales revenue of $293,800. 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.) Master Budget 7.900 cases Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,400 cases Variance 8,400 cases Variance Sales revenue ($34 per case) $ 293,800 $ 8.200 F $ 285,600 $ 17,000 F Variable operating expenses: Packaging expense (53 per case sold) Shipping expense (S1 per case sold) Sales commissions (5% of sales price) S 268.600 Choose from any list or enter any number in the input fields and then click Check Answer parts 2 remaining Clear All Check Answer Data Table Budgeted sales in cases ..... 7,900 cases $ 3 1 Packaging cost per case ........ Shipping expense per case ..... Sales commission expense...... Salaries expense.... Office rent........... Depreciation. 5% of sales price $ 6,300 $ 3,900 $ 2,900 $ 2,100 $ 1,300 DepiecialIUI............... Insurance expense ....... Office supplies expense Print Done - X Data Table [ unaguig CUOL................. Packaging cost...... Shipping expense ............ Sales commission expense ........ Salaries expense Office rent... ..... $ Depreciation............... .........$ 25,700 10,600 14,690 7,300 3,900 2,900 Insurance expense. .......... 1,500 1,700 Office supplies expense............ Print Done Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $34 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 8,400 cases, resulting in total sales revenue of $293,800. 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.) Master Budget 7.900 cases Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,400 cases Variance 8,400 cases Variance Sales revenue ($34 per case) $ 293,800 $ 8.200 F $ 285,600 $ 17,000 F Variable operating expenses: Packaging expense (53 per case sold) Shipping expense (S1 per case sold) Sales commissions (5% of sales price) S 268.600 Choose from any list or enter any number in the input fields and then click Check Answer parts 2 remaining Clear All Check Answer Data Table Budgeted sales in cases ..... 7,900 cases $ 3 1 Packaging cost per case ........ Shipping expense per case ..... Sales commission expense...... Salaries expense.... Office rent........... Depreciation. 5% of sales price $ 6,300 $ 3,900 $ 2,900 $ 2,100 $ 1,300 DepiecialIUI............... Insurance expense ....... Office supplies expense Print Done - X Data Table [ unaguig CUOL................. Packaging cost...... Shipping expense ............ Sales commission expense ........ Salaries expense Office rent... ..... $ Depreciation............... .........$ 25,700 10,600 14,690 7,300 3,900 2,900 Insurance expense. .......... 1,500 1,700 Office supplies expense............ Print Done