Main Street Muffins was budgeted to sell 9,100 muffins at $26 each for a total $236,600 in revenue. Their actual sales were 9,500 cases with total revenue of $255,200. Using this Main Street Muffins information and the information in the two tables below, fill in the table to your right and Flexible Budget Performance Report - Sales and Operating Expenses calculate the flexible and volume budget variances and indicate whether they are For the Year Ended December 31 favorable or unfavorable. Flexible Flexible Master Actual Budget Budget Volume Budget 9,500 9,500 9,100 Variance Variance cases cases cases Sales revenue Actual expenses Less variable expenses: Budgeted Expenses $10,600 Packaging expense Budgeted sales in cases . . . . . . . 9,100 cases Packaging cost . . . . . . . . . . . . . ... Packaging cost per case . . . . . . . $1 Shipping expense . . . . . . . . . . . . .. $19,500 Shipping expense $12,760 Sales commissions Shipping expense per case . . . . . $2 Sales commission expense . . . . . . $7,300 Sales commission expense . . . . . 5% of sales price Salaries expense .. .. . . . . . . . . . Contribution margin $6,500 Office rent . . . . .. $3,900 Salaries expense . . . . . . . . . . . . . Office rent . . . . . . . . . . . . . ...... $3,900 Depreciation . . . . . . . . . . . . . . . ... $2,500 Less fixed expenses: $1,600 Salaries Depreciation . . .. . . . . . . $2,500 Insurance expense . . . . . . . . . . . .. Office rent Insurance expense . . . . . . . . . . . . $1,800 Office supplies expense . . . . . . .. $1,600 $900 Depreciation Office supplies expense . . . . . . . Insurance expense Office Supplies expense Operating income