Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $31 per case. The Requirement following information relates to the budget for Sweet Muffins for this year (all figures are annual totals unless Construct a flexible budget performance report for Sweet Muffins for the year. Be sure to indicate whether otherwise noted): each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers. Label each (Click the icon to view the budget information.) 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.) During the year, Sweet Muffins actually sold 8,400 cases, resulting in total sales revenue of $268,000. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) - X Data table Budgeted sales in cases . . . . . . . 8,200 cases Packaging cost per case . . . . . . . $ Sweet Muffins Shipping expense per case . . . . . $ Flexible Budget Performance Report - Sales and Operating Expenses Sales commission expense . 5% of sales price For the Year Ended December 31 Salaries expense $ 6,000 Flexible Flexible Master Office rent . . .. $ 3,800 Actual Budget Budget Volume Budget Depreciation . . . $ 3,000 8,400 cases Variance 8,400 cases Variance 8,200 cases Insurance expense . . . $ 2,500 Sales revenue Office supplies expense . . $ 1,000 V ($31 per case) - X X Data table O Packaging cost . . . . . . . . . . . . . . . . $ 8,900 Shipping expense . . . . . . . . .. .... $ 35,200 Sales commission expense . . . . . . $ 13,400 Salaries expense. . . . $ 7,600 Office rent . $ 3,800 Help me solve this Video Get more help - Check answer Depreciation . . . $ 3,000 Insurance expense . . . . $ 1,800 Office supplies expense . . . . . . . . $ 1, 100