Red Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $28 per case. The following information relates to the budget for Amazing Muffins for this year (all figures are annual totals unless otherwise Con varit noted): (F) (Click the icon to view the budget information.) During the year, Amazing Muffins actually sold 7,500 cases, resulting in total sales revenue of $218,300. Actual expenses (in total) from this year are as follows: - Data Table * Data Table Packaging cost Shipping expense Sales commission expense ... 7,400 cases 2 ......$ $ 15,800 $ 24,100 $ 8,732 $ 6,500 $ 3 Salaries expense 4% of sales price 6,000 Office rent 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 3,400 $ $ 2,900 $ 3,400 Depreciation Insurance expense Office supplies expense 1,800 2,900 700 $ 2,000 $ 600 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.) Amazing 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 ($28 per case) IF F