Homework: Week Six : Chapter 8 : Exercises Save bunting Score: 0 of 1 pt 10 of 16 (4 complete) HW Score: 23.07%, 3.69 of 16 pts E23-17 (similar to) Question Help Top managers of Kyler Industries predicted 2016 sales of 15,000 units of its product at a unit price of $7.50. Actual sales for the year were 14,100 units at $11.00 each Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $46,000 exceeded budgeted fred costs by $5,000. Prepare Kylor's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating Income line. Finally, compute the total variances (Enter a "o for any zero balance. For any $0 variances, leave the Favorable (F)Unfavorable (U) input blank.) Kyler Industries Flexible Budget Performance Report For the Year Ended December 31, 2016 2 (1)-(3) (3) - (5) -ary Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Modules ng 5 ces Units Sales Revenue Variable Costs Contribution Margin Choose from any list or enter any number in the input fields and then click Check Answer parts Clear All Check