Hampton Muffins sells es muffins to restaurants and coffee houses for an average selling price of $28 per case. The following information relates to the budget for Hampton Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Hampton Muffins actually sold 7,500 cases, resulting in total sales revenue of $217,200. 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 Hampton 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 ($28 per case) Hampton Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual Budget 7,500 cases Variance Budget: 7,500 cases Volume Budget Variance 7,300 cases