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E23-17 (similar to) Question Help Top managers of Stenback Industries predicted 2018 sales of 14,500 units of its product at a unit price of $8.50. Actual sales for the year were 14,300 units at $10.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $41,000 exceeded budgeted fixed costs by $5,200. Prepare Stenback's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? 5 Stenback Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 (1)-(3) Flexible Actual Budget Flexible Results Variance Budget 14300 14300 (3) - (5) Budget Amounts Per Unit Sales Volume Variance Static Budget 14500 Units Sales Revenue Variable Costs Contribution Margin Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All remaining Check Answer 11 Tuo bore to coorch 5:39 PM E