Question: E10.3ZB Prepare a flexible budget performance report (Learning Objective 5) Sweet Street Muffins sells its muffins to restaurants and coffee houses for an average selling
E10.3ZB Prepare a flexible budget performance report (Learning Objective 5) Sweet Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $33 per case. The following information relates to the budget for Sweet Muffins for this year (all figures are annual totals unless otherwise noted) Street 7,900 cases $ 3.00 $ 1.00 Budgeted sales in cases Packaging cost per case Shipping expense per case $6,900 3,300 $3,000 $2,300 $1.100 Salaries expense Office rent Insurance expense Office supplies expense During the year, Sweet Street Muffins actually sold 8,400 cases resulting in total sales revenue of $284,800. Actual expenses (in total) from this year are as follows: $26,100 Shipping expens.$ 8,900 5,696 7,700 3,300 S 3,000 s 2,000 Packaging cost Sales commission expense Salaries expense Office rent Depreciation nsurance expense.. Office supplies expense. 1.300 Requirement Construct a flexible budget performance report for Sweet Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U)
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