Chapter 8 Homework 8 He 6 Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $81 per unit and variable costs of $37 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 1 points Book For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Flexible Budget Performance Report Flexible Budget Actual Results (11,200 units) (11,200 units) Variances Favorable/Unfavorable 5 17,800 Favorable 355,000 492,800 274,000 Hint 289.000 Income AR Print References