Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $33 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 $285,300. 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.) Sweet Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,400 cases Variance 8,400 cases Variance -X Master Data Table i Data Table Budget 8,300 cases Sales revenue S 8,300 cases 18,100 2 ($33 per case) $ 9,400 1 $ 11,412 $ 7,900 Packaging cost Shipping expense. Sales commission expense Salaries expense. Office rent Depreciation Insurance expense Office supplies expense 4% of sales price 7,000 $ 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 4,100 4,100 $ 2,500 2,300 2,500 2.500 $ 1,600 1,300 Print Done Print Done