Exercise $23-5($Static$)$ Preparing flexible budget performance report LO P$1$

Nina Company prepared the following fixed budget for July using $7,500$ units for budgeted sales. Actual sales were $7,200$ units and

actual costs are shown below.

Prepare a flexible budget performance report for July at activity level of $7,200$ units. Show variances between budgeted and actual

amounts.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.