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 $90

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

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $90 per unit and variable costs of $33 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances $ 37,000 F $? For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results (12,700 units) (12,700 units) $ ? ? 370,000 723,900 ? 289,000 304,000 $? $? $ Flexible Budget Performance Report Flexible Budget Actual Results Variances (12,700 units) (12,700 units) For Month Ended June 30 Favorable/Unfavorable

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