Main Street Muffins was budgeted to sell 9,100 muffins at $26 each for a total $236,600...

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Main Street Muffins was budgeted to sell 9,100 muffins at $26 each for a total $236,600 in revenue. Their actual sales were 9,500 cases with total revenue of $255,200. Using this information and the information in the two tables below, fill in the table to your right and calculate the flexible and volume budget variances and indicate whether they are favorable or unfavorable. Sales revenue Budgeted Expenses Budgeted sales in cases. Packaging cost per case Actual expenses Less variable expenses: 9,100 cases Packaging cost.. $10,600 Packaging expense $1 Shipping expense $19,500 Shipping expense Shipping expense per case $2 Sales commission expense $12,760 Sales commissions Sales commission expense 5% of sales price Salaries expense $7,300 Contribution margin Salaries expense Office rent.. Depreciation... Insurance expense............ Office supplies expense.. $6,500 Office rent. $3,900 $3,900 Depreciation. $2,500 $2,500 Insurance expense......... $1,600 $1,800 Office supplies expense........ $1,600 $900 Less fixed expenses: Salaries Office rent Depreciation Insurance expense Office Supplies expense Operating income Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Actual 9,500 cases Flexible Budget Flexible Master Budget Volume Budget 9,500 Variance Variance cases 9,100 cases Main Street Muffins was budgeted to sell 9,100 muffins at $26 each for a total $236,600 in revenue. Their actual sales were 9,500 cases with total revenue of $255,200. Using this information and the information in the two tables below, fill in the table to your right and calculate the flexible and volume budget variances and indicate whether they are favorable or unfavorable. Sales revenue Budgeted Expenses Budgeted sales in cases. Packaging cost per case Actual expenses Less variable expenses: 9,100 cases Packaging cost.. $10,600 Packaging expense $1 Shipping expense $19,500 Shipping expense Shipping expense per case $2 Sales commission expense $12,760 Sales commissions Sales commission expense 5% of sales price Salaries expense $7,300 Contribution margin Salaries expense Office rent.. Depreciation... Insurance expense............ Office supplies expense.. $6,500 Office rent. $3,900 $3,900 Depreciation. $2,500 $2,500 Insurance expense......... $1,600 $1,800 Office supplies expense........ $1,600 $900 Less fixed expenses: Salaries Office rent Depreciation Insurance expense Office Supplies expense Operating income Main Street Muffins Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 Actual 9,500 cases Flexible Budget Flexible Master Budget Volume Budget 9,500 Variance Variance cases 9,100 cases

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