Exercise 8-4 (Algo) Preparing flexible budget performance report LO P1 Complete the following partial flexible budget performance report, and indicat whether each variance is favorable or unfavorable. The company budgets a selling price of $87 per unit and variable costs of $33 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) For Month Ended June 30 Sales Flexible Budget Performance Report Flexible Budget Actual Results Variances (12,200 units) (12,200 units) $ 18,600 F 365,000 658,800 284,000 299,000 Variable costs Contribution margin Fixed costs Income go) Preparing flexible budget performance ng partial flexible budget performance report, and indicate e is favorable or unfavorable. The company budgets a er unit and variable costs of $33 per unit (Indicate the ce by selecting favorable, unfavorable, or no variance.) I 30 Flexible Budget Performance Report Flexible Budget Actual Results Variances (12,200 units) (12,200 units) Favorable/Unfavorable $ 18,600 Favorable 365,000 658,800 284,000 299,000