Organic Muffins sells its muffins to restaurants and coffee houses for an average selling price of 533 per case. The following information relates to the budget for Organic Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Organic Muffins actually sold 7,500 cases, resulting in total sales revenue of $255,700. 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 Organic 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.) Organic Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 7,500 cases Variance 7,500 cases Variance Master Budget 7,400 cases Sales revenue (533 per case) i Data Table 7,400 cases 2 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 5% of sales price 6,400 3,700 $ 2,600 2,500 1,400 Print Done * -X x Data Table $ 16,200 Packaging cost Shipping expense.. Sales commission expense. Salaries expense. Office rent... Depreciation .. Insurance expense Office supplies expense $ 24,400 .$ 12,785 $ 7,800 $ 3,700 $ 2,600 S 1,900 $ 1,900 Print Done