Question: Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of

Complete the following partial flexible budget performance report, and indicate whether each

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.) Flexible Budget Performance Report Flexible Budget Actual Results (11,200 units) (11,200 units) Variances Favorable/Unfavorable For Month Ended June 30 Sales $ 17,800 Favorable Variable costs 355,000 Contribution margin 492,800 Fixed costs 274,000 289,000 Income

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