Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $87 per unit and variable costs of $33 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $87 per unit and variable costs of $33 per unit. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance.) Flexible Budget Performance Report For Month Ended June 30 Flexible Budget Actual Results Variances Favorable/Unfavorable (12,200 units) (12,200 units) Sales 18,600 Favorable Variable costs 365,000 Contribution margin 858,800 Fixed costs 284,000 290,000 Income