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 $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) For Month Ended June 30 Sales Flexible Budget Performance Report Flexible Budget (11,800 units) Actual Results (11,800 units) Favorable/Unfavorable Variances $ 29,200 Favorable 361,000 Favorable Variable costs Contribution margin Fixed costs Income 554,600 280,000 295,000 Favorable Unfavorable No variance