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 $35 per unit. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Flexible Budget Performance Report Flexible Budget For Month Ended June 30 (11,900 units) Sales Variable costs Contribution margin Fixed costs Income Actual Results Variances Favorable or Unfavorable (11,900 units) $ 31,100 Favorable 362,000 547,400 281,000 296,000