Sweet 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 Sweet Muffins for this year (all figures are annual totals unless otherwise noted): View the budget information. 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.) Sales revenue ($28 per case) Sweet Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Master Actual 9,900 cases Budget Budget Volume Budget Variance 9,900 cases Variance 9,500 cases FL U Budget information 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.. 9,500 cases - X 4 2 1% of sales price 6,000 3,600 3,100 1,700 1,100 Print Done Actual expenses Packaging cost..... $ 40,400 Shipping expense.... $ 22,400 Sales commission expense....... $ 2,845 Salaries expense $ 6,800 Office rent..... $ 3,600 Depreciation 3,100 Insurance expense 1,300 Office supplies expense 1,300 During the year, Sweet Muffins actually sold 9,900 cases, resulting in total sales revenue of $284,500. Print Done 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). Print Done -