Question: Exercise 21.5 (Algo) Preparing flexible budget performance report LO P1 Nina Company prepared the following fixed budget for July using 7,760 units for budgeted sales.

Exercise 21.5 (Algo) Preparing flexible budget performance report LO P1 Nina Company prepared the following fixed budget for July using 7,760 units for budgeted sales. Actual sales were 7,460 units and artial costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,460 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

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