actual costs are shown below.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline For Month Ended July $31$ & Fixed B Variable Amount per Unit & $\backslash$begin$\{$tabular$\}\{$l$\}$

dget $\backslash \backslash$

Total Fixed Cost

$\backslash$end$\{$tabular$\}$ & Fixed Budget $(7,680$ units$)$ & Actual Results $(7,380$ units$)\backslash \backslash$

$\backslash$hline Sales & $\backslash$$ $100$ & & $\backslash$$ $768,000$ & $\backslash$$ $754,730\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Variable costs$\}\backslash \backslash$

$\backslash$hline Direct materials & $35$ & & $268,800$ & $273,280\backslash \backslash$

$\backslash$hline Direct labor & $15$ & & $115,200$ & $112,300\backslash \backslash$

$\backslash$hline Indirect materials & $4$ & & $30,720$ & $28,920\backslash \backslash$

$\backslash$hline Sales commissions & $11$ & & $84,480$ & $80,290\backslash \backslash$

$\backslash$hline Total variable costs & $65$ & & $499,200$ & $494,790\backslash \backslash$

$\backslash$hline Contribution margin & $\backslash$$ $35$ & & $\backslash$$ $268,800$ & $\backslash$$ $259,940\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Fixed costs$\}\backslash \backslash$

$\backslash$hline Depreciation$-$Machinery & & $\backslash$$ $69,910$ & $69,910$ & $69,910\backslash \backslash$

$\backslash$hline Supervisor salary & & $41,490$ & $41,490$ & $42,680\backslash \backslash$

$\backslash$hline Insurance & & $10,270$ & $10,270$ & $10,270\backslash \backslash$

$\backslash$hline Depreciation$-$Office equipment & & $7,580$ & $7,580$ & $7,580\backslash \backslash$

$\backslash$hline Administrative salaries & & $33,900$ & $33,900$ & $30,520\backslash \backslash$

$\backslash$hline Total fixed costs & & $\backslash$$ $163,150$ & $163,150$ & $160,960\backslash \backslash$

$\backslash$hline Income & & & $\backslash$$ $105,650$ & $\backslash$$ $98,980\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Prepare a flexible budget performance report for July at activity level of $7,380$ units. Show variances between budgeted and actual amounts.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Prepare a flexible budget performance report for July at activity level of $7,380$ units. Show variances between budgeted and actual amounts.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.