Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates to the budget for Sweet Muffins for this year (all figures are annual totals unless otherwise noted) (Click the icon to view the budget information.) During the year, Sweet Muffins actually sold 8,400 cases, resulting in total sales revenue of $302,300. 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 Sweet 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.) Data Table For the Year Ended December 31 8,300 cases Flexible Flexible Master $ 4 Actual Budget Volume Budget 8,400 cases Budget 8,300 cases Budgeted sales in cases Packaging cost per case Shipping expense per case Sales commission expense $ 2 8,400 cases Variance Variance Sales revenue 1% of sales price $ 7,000 Salaries expense 26 Office rent $ 3,400 Depreciation $ 2,400 Insurance expense $ 2,000 ($35 per case) Variable operating expenses: Packaging expense ($4 per case sold) Shipping expense ($2 per case sold) Sales commissions (1% of sales price) Fixed operating expenses: Salaries Office supplies expense $ 700 Data Table Office rent Depreciation $ 34,300 Packaging cost Shipping expense Insurance expense $ 19,000 Sales commission expense $ 3,023 Office Supplies expense Total operating expenses Salaries expense $ 7,200 Office rent EA 3,400 Choose from any list or enter any number in the input fields and then continue to the next question. $ 2,400 Depreciation Insurance expense Office supplies expense EA 1,600 Save for Later $ 1,000