Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $86 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget For Month Ended June 30 (12,400 units) Sales Variable costs Contribution margin Fixed costs Income Actual Results (12,400 units) Variances Favorable/Unfavorable $ 33,600 Favorable 367,000 Favorable 644,800 Favorable 286,000 301,000 Unfavorable Favorable