Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $86 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Flexible Budget (12,400 units) Sales Variable costs Actual Results (12,400 units) Variances Favorable/Unfavorable $ 33,600 Favorable 367,000 Contribution margin Fixed costs Income 644,800 286,000 301,000