Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for Main Street Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Main Street Muffins actually sold 9,800 cases, resulting in total sales revenue of $320,800. 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 Main Street Muffins for the year. Be sure to indicate whether each varlance 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 "O". A variance of zero is considered favorable.) Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 9.800 cases Varlance 9,800 cases Varlance Master Budget 9,300 cases Sales revenue 320,800 $ 7,200 S 313,600 $ 16,000 F $ 297,600 (S32 per case) Variable operating expenses: Packaging expense (54 per case sold) Shipping expense ($1 per case sold) Sales commissions (2% of sales price) Choose from any list or enter any number in the input fields and then click Check Answer. ? X 1 i Data Table $ 39,800 $ 12,000 $ 6,416 $ 8,000 Packaging cost Shipping expense.. Sales commission expense.... Salaries expense. Office rent ... Depreciation Insurance expense Office supplies expense $ 3,600 $ 2,500 1,600 1,400 Print Done Data Table . 1 9,300 cases Budgeted sales in cases ....... Packaging cost per case ... $ Shipping expense per case. 4 1 Sales commission expense 2% of sales price Salaries expense $ 6,500 3,600 Office rent ..... Depreciation .. ... $ 2,500 Insurance expense.. $ 2,300 Office supplies expense $ 1,300 Print Done