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Echo Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of $29 per case. The following information relates to the budget for Echo Canyon Muffins for this year( all figures are annual totals unles otherwise noted)

Budgeted Information:

Budgeted sales in cases: 8500 cases

Packaging cost per case: $5

Shipping expense per case: $4

Sales commission expense: 1% of sales price

Salaries expense:$6700

Office rent:$3100

Depreciation:$3200

Insurance expense: $2300

Office supplies expense:$1000

During the year, Echo Canyon Muffins actually sold 9200 cases, resulting in total sales revenue of $274,400. Actual expenses (in total) from this year are as follows.

Packaging cost:$46,200

Shipping expense:$37,600

Sales commission expense:$2744

Salaries expense:$8100

Office rent:$3100

Depreciation:$3200

Insurance expense:$1500

Office supplies expense:$1300

Requirement: Construct a flexible budget performance report for Echo Canyon 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 or unfavorable. If the variance is 0 make sure to enter a 0. A variance of zero is considered favorable)

Echo Carryos Mutfins stils ts mutters to restaurarts ard coffee houses for an averige soling price of 579 per case The following intormation relates to the budget for Echo Caryon Multirs for thes yoar (all Requirement figues are errue tota's inioss of in rerse noted) Construct a fecable budget pecformance repoit for Echo Canyon Maltins for me yoar. Be sure lo IIII tClick the icon fo wivw the budget intermation) indicate whether each varaance is favorable (F) or untavorable (U). (Enter the varincis as Durng the year, Feho Caryon Muflirs actualy sold 9,200 coses, fesciting in tolal sailes tevenue of 5274,600 . Actual ewpenses (n 60eali from this year are as follows III (Cock, the kon to vow the actual eupencens) postive numbers. Label each varance as Aavoracie (f) or unfavorable (U) if the varance is 0 . make suve to enher in a "0" A vartance ist zeec is considered favorabie? Echo Canyon Muffins Flexible thudget Parformance Report - Sales and Operating Expenses Packaging cost ...............\$ $46,200 Shipping expense...............\$ $37,600 Sales commission expense...... $2,744 Salaries expense.............. \$\$ 8,100 Office rent..................... \$ $3,100 Depreciation .................... \$ $3,200 Insurance expense ............... $1,500 Office supplies expense . \& 1,300 Budgeted sales in cases ...... 8,500 cases Packaging cost per case .......\$ Shipping expense per case .....\$ Sales commission expense...1% of sales price Salaries expense ..........\$ $6,700 Office rent ................\$ $3,100 Depreciation ..............\$ $3,200 Insurance expense ........... \$ $2,300 Office supplies expense ..$1,000 cho Canyon Muffins sells its muffins to restaurants and coffee houses for an average selling price of 29 per case. The following information relates to the budget for Echo Canyon Muffins for this year (all igures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Echo Canyon Muffins actually sold 9,200 cases, resulting in total sales revenue of $274,400. Actual expenses (in total) from this year are as follows: (Click the icon to view the actual expenses.) Echo Canyon Mulfins Flexible Budget Performance Report - Sales and Operating Expenses Echo Canyon Muffins Flexible Budget Performance Report - Sales and Operating Expenses

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