Exercise $8-4($Static$)$ Preparing flexible budget performance report LO P$1$

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.

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

$\backslash$table$[[$Flexible Budget Performance Report$],[\backslash$table$[[$For Month Ended June $30],[$Sales$]],\backslash$table$[[$Flexible Budget$],[$ units$)]],\backslash$table$[[$Actual Results$],[(10,800$ units$)]],$Variances,$\backslash$table$[[$Favorable or Unfavorable$],[$Favorable$]]],[$$$,1,066,400,$$$,1,100,000,$$$,21,000],[$Variable costs,,$421,600,,351,000,,54,600,$Favorable$],[$Contribution margin,,$486,000,,733,000,,88,200,$Favorable$],[$Fixed costs,,$270,000,,285,000,,15,000,$Unfavorable$],[$Income$,$$$,358,800,$$$,432,000,$$$,73,200,$Favorable$]]$