Answer Happy

Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for Boston Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Boston Muffins actually sold 5,400 cases, resulting in total sales revenue of $277,000. 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 Boston 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.) Boston Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Flexible Flexible Actual Budget Budget Volume 8,400 cases Variance 8.400 cases Variance Master Budget 7,800 cases Sales revenue ($32 per case) х Х Data table Data table 7.800 cases 2 $ 17,600 $ 36,000 $ $ 8,310 4 $ 6,800 Budgeted sales in cases ...... Packaging cost per case ...... S Shipping expense per case ....S Sales commission expense Salarles expense S Office rent.... $ Depreciation .... S Insurance expense S Office supplies expense S 3% of sales price 6,000 3,600 Packaging cost... Shipping expense...... Sales commission expense ... Salaries expense Office rent.... Depreciation .... Insurance expense Office supplies expense $ $ 3,600 2,700 1,600 $ 2,700 2,000 $ 1,200 1,100