Amazing Muffins sells its muffins to restaurants and coffee houses for an average selling price of $$$$26$ per case. The following information relates to the budget for Amazing Muffins for this year$($all figures are annual totals unless otherwise$$ noted$)$:

View the budget information. LOADING...

View the actual expenses $($in total$)$ from this year. LOADING...

Read the requirement. LOADING...

Part $2$

$($Enter the variances as positive numbers. Label each variance as favorable$($F$)$ or unfavorable$($U$),$ in the input field after the amount you enter. If the variance is$0,$ make sure to enter in a$"0".$ A variance of zero is considered$$ favorable.$)$

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Part $1$

Amazing Muffins

Flexible Budget Performance Report $-$ Sales and Operating Expenses

For the Year Ended December $31$

Flexible

Flexible

Master

Actual

Budget

Budget

Volume

Budget

$7,900$ cases

Variance

$7,900$ cases

Variance

$7,800$ cases

Sales revenue

$($$$26$ per case$)$

$$212,600$

$$7,200$

F

$$205,400$

$$2,600$

F

$$202,800$

Part $2$

Less variable expenses:

Packaging expense $($$$5$ per case sold$)$

$40300$

$800$

U

$39500$

$500$

U

$39000$

Shipping expense $($$$4$ per case sold$)$

$34400$

$2800$

U

$31600$

$400$

U

$31200$

Sales commissions $(1\%$ of sales price$)$

$2126$

U

U

Contribution margin

F

F