2 Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $85 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 12.5 points Flexible Budget Performance Report For Month Ended June 30 Flexible Budget (12.300 units) Actual Results (12,300 units) Variances Favorable/Unfavorable Sales Variable costs Contribution margin i $ 44,500 Favorable 366,000 10 Fixed costs Hint 627,300 285,000 300,000 References Income