Exercise 21-4 (Algo) Preparing flexible budget performance report LO P1 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 $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Sales Flexible Budget (11,600 units) Variable costs Contribution margin Fixed costs Income Actual Results (11,600 units) Variances Favorable/Unfavorable $ 25,400 Favorable 359,000 533,600 278,000 293,000