Fixed Budget Variable Amount per Total Fixed Unit Cost $ 100 Fixed Budget (7,580 units) $ 758,888 Actual Results (7,280 units) $ 744,880 For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total variable costs Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-office equipment Administrative salaries Total fixed costs 35 15 4 11 65 $ 35 265,300 113,700 30,320 83,380 492, 7ee $ 265,380 269,680 110,800 28,520 79,240 488,240 $ 256,640 $ 68,960 40, 940 10,120 7,480 33,900 $ 161,400 68,960 40,940 10,120 7,480 33,988 161,400 $ 103,988 68,960 42,080 10,120 7,480 30,120 158,760 $ 97,880 Income Prepare a flexible budget performance report for July at activity level of 7,280 units. Show variances between budgeted and actual amounts. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance.) Prepare a flexible budget performance report for July at activity level of 7,280 units. Show variances between budgeted and actual amounts. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance.) NINA COMPANY Flexible Budget Performance Report Flexible Actual Budget Results (7,280 units) (7,280 units) For Month Ended July 31 Variances Favorable/Unfavorable 0 0 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total Variable Costs Contribution margin Fixed costs DepreciationMachinery Supervisory salary Insurance DepreciationOffice equipment Administrative salaries Total Fixed Costs Income 0 0