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. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Flexible Budget Performance Report Flexible Budget For Month Ended June 30 (12,500 units) Sales Variable costs Contribution margin Fixed costs Income Actual Results (12,500 units) Variances Favorable or Unfavorable $ 52,500 Favorable 368,000 675,000 287,000 302,000