Homework: Module 7 Homework Assignment Save Score: 0 of 15 pts 5 of 5 (3 complete) HW Score: 51.03%, 33.17 of 65 pts E10-26A (similar to) Question Help Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following Requirement information relates to the budget for Main Street Muffins for this year (all figures are annual totals unless otherwise noted): Construct a flexible budget performance report for Main Street 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). (Click the icon to view the budget information.) If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) During the year, Main Street Muffins actually sold 8,900 cases, resulting in total sales revenue of $239,600. Actual expenses (in total) from this year are as follows: E (Click the icon to view the actual expenses.) Main Street Muffins Data Table - X Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual $ 18,100 Budget Variance Budget 8.900 cases Volume Variance Budget 8,300 cases 8.900 cases $ 47.100 Sales revenue $ 7,188 $ 8,100 ($26 per case) - X Data Table Packaging cost. Shipping expense Sales commission expense Salaries expense Office rent Depreciation. Insurance expense. Office supplies expense. $ 3,100 $ 3,200 $ 1,100 8,300 cases $ 1,500 GA 2 5 Print Done 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 3% of sales price $ 6,500 S 3,100 3,200 S 1,500 $ 1,400 Print Done