1. Fixed Budgets, Flexible Budgets and the Flexible Budget Performance Report: Yaho, Inc. reports the following information for May 2020. Sales Variable Costs Fixed Costs (total) Units produced and sold Budgeted $105 per unit $41 per unit $395,900 total 9,000 Actual $1,001,300 total $408,750 total $397,950 total 9,400 a. Prepare a flexible budget for May 2020 at the following levels of activity: 9,000 units; 10,000 units; 11,000 units. b. Prepare a 'Flexible Budget Performance Report for May 2020 at the actual level of activity of 9,400 units, showing variances between the flexible budget (@9,400 units) and actual results at 9,400 units. List variable and fixed expenses separately, and indicate variances as favorable (F) or unfavorable (U). Calculate the Sales Price Variance for May 2020. Indicate whether this variance is favorable (F) or unfavorable (U). C