Muffins sells its muffins to restaurants and coffee houses for an average selling price of

$31

per case. The following information relates to the budget for

Divine

Muffins for this year (all figures are annual totals unless otherwise noted):

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(Click the icon to view the budget information.)During the year,

Divine

Muffins actually sold

9,200

cases, resulting in total sales revenue of

$293,400.

Actual expenses (in total) from this year are as follows:

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(Click the icon to view the actual expenses.)

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Part 1

Requirement

Construct a flexible budget performance report for

Divine

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.)

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Part 1

Divine Muffins
Flexible Budget Performance Report - Sales and Operating Expenses
For the Year Ended December 31
		Flexible		Flexible			Master
	Actual	Budget		Budget	Volume		Budget
	9,200 cases	Variance		9,200 cases	Variance		8,700 cases
Sales revenue
($31 per case)

- Data table Data table $ 27,900 8,700 cases 3 $ 11,400 A $ $ $ 11,736 $ 7,100 3,300 Packaging cost Shipping expense.. Sales commission expense. Salaries expense. Office rent Depreciation .. Insurance expense Office supplies expense $ Budgeted sales in cases Packaging cost per case Shipping expense per case..... Sales commission expense Salaries expense $ Office rent $ Depreciation Insurance expense S Office supplies expense 1 4% of sales price 6,100 3,300 3,300 3,300 S 1,600 $ A 1,300 2,300 0 900