Hampton Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Hampton Muffins for this year (all figures are annual totals unless otherwise noted): Sales revenue ($26 per case) Hampton Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Requirement Budget information Budgeted sales in cases 7,300 cases Flexible Flexible Actual 7,900 cases Budget Variance Budget 7,900 cases Volume Variance Comprehensive Budget Packaging cost per case. $ 2 Shipping expense per case.. $ 1 7,300 cases Sales commission expense 5% of sales price Salaries expense 6,100 213,700 7,9000 F 205,400 Office rent.. $ 3,300 Depreciation $ 2,500 Insurance expense.. $ 2,100 Office supplies expense.......$ 700 During the year, Hampton Muffins actually sold 7,900 cases, resulting in total sales revenue of $213,700. 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). Actual expenses Packaging cost.. $ 16,000 Shipping expense.. $ 10,500 Sales commission expense... $ 10,685 Salaries expense.. $ 7,500 Office rent $ 3,300 Depreciation $ 2,500. Insurance expense $ 1,300