Exercise 21-5 (Algo) Preparing flexible budget performance report LO P1 Nina Company prepared the following fixed budget for July using 7,640 units for budgeted sales. Actual sales were 7,340 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,340 uniti Show yorionces betweent budgeted and actual omounts (lndicete the effect of esch varionce by selecting fovorable, unfsvorable, or no varisnce.) Srepare a flexible budget performance report for July at activity level of 7,340 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)