Stone Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $27 per case. The Requirement following information relates to the budget for Stone Canyon Muffins for this year (all figures are annual totals unless Construct a flexible budget performance report for Stone Canyon Muffins for the year. Be sure to indicate whe otherwise noted): variance is favorable (F) or unfavorable ( L. (Click the icon to view the budget information.) (F) or unfavorable (U). If the variance is 0 Data Table During the year, Stone Canyon Muffins actually sold 9,500 cases, resulting in total sales revenue of $264,100. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Flexible Budget Performance Report - Sales and Operating Expenses Budgeted sales in cases 9,300 cases For the Year Ended December 31 Packaging cost per case $ 4 Flexible Flexible Master Shipping expense per case $ 2 Actual Budget Budget Volume Budget Sales commission expense 1% of sales price 9,500 cases Variance 9,500 cases Variance 9,300 cases Salaries expense $ 7,000 Sales revenue Office rent $ 3,800 ($27 per case) Depreciation $ 2,600 Variable operating expenses: Insurance expense 2,500 Office supplies expense $ Packaging expense ($4 per case sold) 600 Shipping expense ($2 per case sold) Data Table Sales commissions (1% of sales price) Fixed operating expenses: Salaries Packaging cost $ 39,300 Office rent Shipping expense $ 21,800 Depreciation Sales commission expense $ 2,641 Insurance expense Salaries expense $ 8,500 Office Supplies expense Office rent $ 3,800 Total operating expenses Depreciation $ 2,600 Insurance expense $ 2,300 Choose from any list or enter any number in the input fields and then continue to the next question. Office supplies expense 1,300 Save for later