Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted): Sales revenue ($26 per case) Dream Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Actual expenses Packaging cost.. Budget information $ 10,400 Shipping expense.. $ 48,200. Budgeted sales in cases.. Packaging cost per case 9,000 cases S 1 Flexible Flexible Actual 9,200 cases Budget Variance Budget 9,200 cases Volume Variance Master Budget Sales commission expense... $ 4,936 Salaries expense.. $ 7,200 Shipping expense per case..... S Sales commission expense 5 2% of sales price 9,000 cases Office rent. $ 3,100 Salaries expense $ 6,700 Requirement Depreciation Insurance expense Office supplies expense During the year, Dream Muffins actually sold 9,200 cases, resulting in total sales revenue of $246.800. $ 2,500 Office rent.. 3,100 $ 1,800 Depreciation S 2,500 S 1,200 Insurance expense. S 2,400 Office supplies expense S 1,100 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).