Question

30 complete) HW Score: 75%, 22.5 of 30 pts core: 0 of 7 pts E10-26A (similar to) Question Help Echo Canyon Mutins selisits muffins to restaurants and coffee houses for an average selling price of $27 per case. The following information relates to the budget for Echo Canyon Mutins for this year (all figures are annual totals unless otherwise noted: Clothevoon to view the budget information) During the year, Echo Canyon Mutins actually sold 7,500 cases, resulting in total sales revenue of $209,000. Actual expenses in total from this year are as follows (Click the icon to view the actual expenses.) Requirement Construct a feble budget performance report for Echo Canyon Mutins for the year. Be sure to indicate whether each variance is favorable For unfavorable U nor the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). the variance is make sure to enter in a Avenance of zeros considered favorable) Echo Canyon Muffins © Data Table Flexible Budget Performance Report - Sales and Operating Expenses For the Year Ended December 31 8.100 Flexible Budget Variance Flexible Budget 7.500 cases Volume Variance Master Budget 7,300 cases Packaging cost Shipping expense Sales commission expenso Salaries expense $ 10.630 7.500 cases Sales revenue 1527 percase 6.900 3.900 3200 1.200 Depreciation Insurance expense Office Supplies Expo 1.300 Choose from any stor enter any number in the input helds and then cick Cho Answer Check Answer 1 Poup Pgon Del Backspace PWER rulo

Answer 1

Echo Canyon Muffins
Flexible budget performance report - Sales and operating expense
For year ended for December, 31
		Actual Results	Flexible Budget Variance		Flexible Budget	Volume Variance		Master Budget
Cases	Z	7500			7500			7300
Sales Revenue	$27* Z	$     2,09,800	$            7,300	F	$      2,02,500	$     5,400	F	$ 1,97,100
Variable operating expense:
Packaging expense	$1 * Z	$           8,100	$                600	U	$            7,500	$         200	U	$       7,300
Shipping expense	$3 * Z	$         25,100	$            2,600	U	$          22,500	$         600	U	$    21,900
Sales Commissions	5% *Sales revenue	$         10,490	$                365	U	$          10,125	$         270	U	$       9,855
Fixed operating expense:
Salaries		$           6,900	$                800	U	$            6,100	$            -	None	$       6,100
Office rent		$           3,900	$                   -	None	$            3,900	$            -	None	$       3,900
Depreciation		$           3,200	$                   -	None	$            3,200	$            -	None	$       3,200
Insurance expense		$           1,200	$                500	F	$            1,700	$            -	None	$       1,700
Office supplies expense		$           1,300	$                100	U	$            1,200	$            -	None	$       1,200
Total operating expense		$         60,190	$            3,965	U	$          56,225	$     1,070	U	$    55,155