Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $27 per case. The following information relates to the budget for Amazing Muffins for this year (all figures are annual totals unless otherwise noted) (Click the icon to view the budget information) During the year, Amazing Muffins actually sold 9.200 cases, resulting in total sales revenue of $256,000. 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 Amazing 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.) C. Data table ? Amazing Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Data table 8.800 cases Flexible Flexible Master $ 5 $ 47.300 Actual Volume $ 1 Budget Variance Budget 9.200 cases Budget 8,800 cases Packaging cost Shipping expense Sales commission expense $ 12.000 9.200 cases Variance 5 10 240 Sales revenue 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 Salaries expense. 5 7.700 $ 4% of sales price 6.900 3,800 2,500 1.700 800 Office rent $ 3.800 S 5 2.500 $ (527 per case) Variable operating expenses Packaging expense (55 per case sold Shipping expense (51 per case sold) Sales commissions 4% of sales price) Fixed operating expenses Salaries Depreciation Insurance expense Office supplies expense S 1,000 5 ....5 1,400 Print Done Print Done Office rent Depreciation Insurance expense Office Supplies expense Total operating expenses