Stone Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $27 per case. The following information relates to the budget for Stone Canyon Muffins for this year (all figures are annual totals unless otherwise noted):

Budgeted sales in cases	9,300 cases
Packaging cost per case	$ 4.00
Shipping expense per case	$ 2.00
Sales commission expense	1% of sales price
Salaries expense	$7,000
Office rent	$3,800
Depreciation	$2,600
Insurance expense	$2,500
Office supplies expense	$ 600

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:

Packaging cost	$ 39,300
Shipping expense	$ 21,800
Sales commission expense	$ 2,641
Salaries expense	$ 8,500
Office rent	$ 3,800
Depreciation	$ 2,600
Insurance expense	$ 2,300
Office supplies expense	$ 1,300

Requirement

IN EXCEL!!!! Construct a flexible budget performance report for Stone Canyon Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U).