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3 Exercise 8-4 (Algo) Preparing flexible budget performance report LO P1 Complete the following partial lexible budget performance report, and indicate whether each variance is favorable or unfavorable The company budgets a selling price of $85 per unit and variable costs of $34 per unit (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) pints eBook Hint References For Montis Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results Favorable Unfavorable (12,300 units (12.300 units) Variances $ 44,500 Favorable 366,000 627,300 285,000 300,000