Organic Muffins sells its muffins to restaurants and coffee houses for an average selling price of $33 per case. The following information relates to the budget for Organic Muffins for this year (all ligures are annual totals unless otherwise noledi: (Click the icon to view the budget information.) During the year, Organic Muffins actually sold 8,600 cases, resulting in total sales revenue of $291,100. 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 "O". 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 8,600 cases Variance 8,600 cases Variance Master Budget 8,000 cases Sales revenue (S33 per case) n Data table 8,000 cases -X Data table $ 3 rmanc Budgeted sales in cases Packaging cost per case Shipping expense per case Sales commission expense $ 2 the Yel Packaging cost. $ 27,000 Salaries expense. $ 1% of sales price 6,300 3,100 Actual Office rent. $ Shipping expense. Sales commission expense.. 500 ca $ 3,300 $ 20,100 $ 2,911 $ 7,300 $ 3,100 Salaries expense. Depreciation Insurance expense. Office supplies expense $ 2,200 Office rent. $ 1,100 Depreciation $ 3,300 1,600 $ Insurance expense Office supplies expense $ 1,600 Print Done Print Done