Organic Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 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 8,400 cases, resulting in total sales revenue of $301,500. 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 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.) Data Table Data Table 8,000 cases Packaging cost $ 42,900 5 34,100 4 Organic Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,400 cases Variance 8,400 cases Variance Shipping expense Sales commission expense $ 3,015 Budgeted sales in cases Packaging cost per case .... Shipping expense per case Sales commission expense ... Salaries expense Office rent Depreciation Master Budge 8,000 cas 1% of sales price $ Salaries expense.. 6,600 6,100 $ Office rent 3,800 $ 3,800 Sales revenue Depreciation 3,000 $ 3,000 1,600 ($35 per case) 2,400 Insurance expense Office supplies expense Insurance expense. Office supplies expense ........ $ 1,300 $ 1,200 Print Done Print Done