Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget (10,900 units) Actual Results (10,900 units) Variances Favorable/Unfavorable $ 23,000 Favorable 352,000 490,500 271,000 286,000