Sweet Muffins sells its muffins to restaurants and coffee houses for an awerage selling price of $32 por case. The following information relates to the budget for Sweet Muffins for this year collfigures are annual totals unless otherwise noted): (Click the icon to view the budget information) st During the year, Sweet Muffins actually sold 9,800 cases, resulting in total sales revenue of $321.200. Actual expenses in total) from this year are as follows: II (click the icon to view the actual expenses) Requirement Construct a flexible budget performance report for Sweet Mullins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U) (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (u), of the variance is o make sure to enter in a " A variance of zero is considered favorable) Sweet Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 9,800 cases Variance 9,800 cases Variance Master Budget 9,300 cases 1 Data Table - X AI 10 el 9,300 cases Budgeted sales in cases Packaging cost per case .......$ Shipping expense per case.....$ 4 1 Sales commission expense 5% of sales price Salaries expense $ 6,800 Office rent.... $ 4,000 Depreciation .... .. $ 3,300 Insurance expense $ 2,500 st Office supplies expense .....$ 700 g ca Print Done i 1 Data Table - X Packaging cost. $ 39,700 $ 12,600 Shipping expense. Sales commission expense.... Salaries expense... $ 16,060 $ 7,800 Office rent .. $ 4,000 Depreciation .. $ 3,300 Insurance expense $ 2,200 Office supplies expense $ 900 Print Done Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 9,800 cases Variance 9,800 cases Variance Master Budget w 9,300 cases Sales revenue ($32 per case)