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Packaging expense ($5 per case sold)

Shipping expense ($1 per case sold)

Sales commissions (3% of sales price)

Salaries

Office rent

Depreciation

Insurance expense

Office Supplies expense

Total operating expenses

Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $34 per case. The following information relates to the budget for Amazing Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Amazing Muffins actually sold 8,600 cases, resulting in total sales revenue of $300,500. 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 Amazing 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.) - X Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,600 cases Variance 8,600 cases Variance Data Table Data Table Master Budget 8,500 cases 8,500 cases $ 43,200 Sales revenue S 5 $ 11.000 292400 S (534 per case) 1 $ 9,015 8,300 Budgeted sales in cases Packaging cost per case Shipping expense per case Sales commission expense Salaries expense Office rent Depreciation. Packaging cost Shipping expense Sales commission expense Salaries expense Office rent Depreciation Insurance expense. Office supplies expense $ 3% of sales price $ 7,000 $ 3,200 $ 3,200 $ 3,200 $ 3,200 $ 1,900 $ 1,500 Insurance expense Office supplies expense ........ $ 2,400 $ 1,100 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check