Chocolate Muffins Flexible Budget Performance Report - Sales and Operating Expenses

Chocolate Muffins sells its muffins to restaurants and coffee houses for an average selling price of $29 per case. The following Information relates to the budget for Chocolate Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information) During the year, Chocolate Muffins actually sold 8800 cases, resulting in total sales revenue of $266200. Actual expenses (in total) from this year are as follows (Click the icon to view the actual expenses) Chocolate Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Requirement Construct a flexible budget performance report for Chocolate 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 If the variance is 0, make sure to enter in a A variance of zero is considered favorable.) Actual 8,900 cases Flexible Budget Variance Flexible Budget 8,900 cases Volume Variance Master Budget 8,300 cases Sales revenue ($29 per case)