Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The Requirement following information relates to the budget for Sweet Muffins for this year (all figures are annual totals unless otherwise Construct a flexible budget performance report for Sweet Muffins for the year. Be sure to indicate whether each noted): variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers. Label each variance as (Click the icon to view the budget information.) 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 7,900 cases, resulting in total sales revenue of $212,600. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Data Table Sweet Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Master Actual Flexible Budget 7,900 cases Budget Variance Volume Budget 7,800 cases 7,900 cases Variance Sales revenue ($26 per case) Packaging cost. $ 32,200 Shipping expense. $ 16,600 Sales commission expense. $ 2.126 Salaries expense... $ 7,800 Office rent... $ 3,900 Depreciation $ 2,500 Insurance expense $ 1,000 Office supplies expense ........ $ 1,500 Data Table X 7,800 cases Print Done 4 2 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 ....... $ 1% of sales price 6,900 3,900 2,500 1,700 1,100