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 $80 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 Actual Results (10,900 units) Variances: Favorable/Unfavorable $ 23,000 Favorable 352,000 490,500 271,000 286,000 For Month Ended June 30 Flexible Budget (10,900 units) Sales Vanable costs Contribution margin Foxed costs Income