Exercise $21-4($Algo$)$ Preparing flexible budget performance report LO P$1$

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $$80$ per unit and variable costs of $$36$ per unit. $($Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.$)$

$\backslash$table$[[$Flexible Budget Performance Report$],[$For Month Ended June $30,\backslash$table$[[$Flexible Budget$],[$ units$)]],\backslash$table$[[$Actual Results$],[$ units$)]],,$ances,Favorable$/$Unfavorable$],[$Sales$,,,$$$,35,000,$Favorable$],[$Variable costs,,$358,000,,,],[$Contribution margin,$506,000,,,,],[$Fixed costs,$277,000,292,000,,,],[$Income$,,,,,r$