Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $31 per case The following information relates to the budget for Sweet Muffins for this year (all figures are annual totals unless otherwise noted) LOADING (Click the icon to view the budget information )During the year, Sweet Muffins actually sold 7,500 cases, resulting in total sales revenue of $240,000 Actual expenses (in total) from this year are as follows LOADING (Click the icon to view the actual expenses ) Question content area top right Part 1 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 begin tabular cccccc multicolumn 10 c For the Year Ended December 31 hline Flexible Flexible hline Actual Budget Budget Volume Budget 7,500 cases Variance 7,500 cases Variance 6,800 cases end tabular Sales revenue ( $31 per case) Variable operating expenses Packaging expense ( $4 per case sold) Fixed operating expenses Salaries Flexible Budget Performance Report Sales and Operating Expenses For the Year Ended December 31 begin tabular ccccccc hline Flexible Flexible Actual Budget Budget Volume Budget Buster 7,500 cases Variance 7,500 cases Variance 6,800 cases hline end tabular Sales revenue ( $31 per case) Variable operating expenses Packaging expense ( $4 per case sold) Shipping expense ( $2 per case sold) Sales commissions (5 of sales price) Fixed operating expenses Office rent

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Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $31 per case. The following information relates to the

Sweet

Muffins sells its muffins to restaurants and coffee houses for an average selling price of

$31

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

7,500

cases, resulting in total sales revenue of

$240,000.

Actual expenses (in total) from this year are as follows:

(Click the icon to view the actual expenses.)

...

Question content area top right

Part 1

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.)

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Sweet Muffins Flexible Budget Performance Report - Sales and Operating Expenses \begin{tabular}{cccccc} \multicolumn{10}{c}{ For the Year Ended December 31 } \\ \hline & & Flexible & Flexible & \\ \hline & Actual & Budget & Budget & Volume & Budget \\ & 7,500 cases & Variance & 7,500 cases & Variance & 6,800 cases \\ \end{tabular} Sales revenue (\$31 per case) Variable operating expenses: Packaging expense (\$4 per case sold) Fixed operating expenses: Salaries Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 \begin{tabular}{ccccccc} \hline & & Flexible & Flexible & \\ & Actual & Budget & Budget & Volume & \\ & Budget & Buster \\ & 7,500 cases & Variance & 7,500 cases & Variance & 6,800 cases \\ \hline \end{tabular} Sales revenue (\$31 per case) Variable operating expenses: Packaging expense (\$4 per case sold) Shipping expense (\$2 per case sold) Sales commissions (5\% of sales price) Fixed operating expenses: Office rent