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Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Main Street Muffins for this year (all figures are annual totals unless otherwise noted): View the actual expenses (in total) from this year. Read the requirement. (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. If the variance is 0 , make sure to enter in a " 0 ". A variance of zero is considered favorable.) Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses Budgeted sales in cases 9,100 cases Packaging cost per case .5 1 Shipping expense per case ..... \& 2 Sales commission expense 5% of sales price Salaries expense. .5 6,500 Ottice rent .53,900 Depreciation .52,500 Insurance expense . .$1,800 Ottice supplies expense .$ uring the year, Msin Street Muttins actualy sold 9,500 cases, resulting in total sales revenue of $255,200. Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Flexible Budget Performance Report - Sales and Operating Expenses Sales revenue ( $26 per case) Less variable expenses: Packaging expense ( $1 per case sold) Shipping expense (\$2 per case sold) Sales commissions ( 5% of sales price) Contribution margin