Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates to the budget for Muffins for this year. Budget Information Data Table
Budgeted sales in cases 7,500 cases
Packaging cost per case $3
Shipping expense per case $2
Sales commission expense 5% of sales price
Salaries expense $6,300
Office rent $3,400
Depreciation $2,800
Insurance expense $2,500
Office supplies expense $700
During the year, Muffins actually sold cases, resulting in total sales revenue of . Actual expenses (in total) from this year are as follows:
Actual Expenses Data Table
ackaging cost $24,900
Shipping expense $16,700
Sales commission expense $14,540
Salaries expense $7,100
Office rent $3,400
Depreciation $2,800
Insurance expense $1,700
Office supplies expense $1,000
Requirement
Construct a flexible budget performance report for Dream Muffins for the year. Be sure to indicate whether each variance is favorable(F) or unfavorable (U).