2) Top managers of Marshall Industries predicted annual sales of 23,600 units of its product at a unit price of $5.00. Actual sales for the year were 22,800 units at $5.50 each. Variable costs were budgeted at $2.45 per unit, and actual variable costs were $2.40 per unit. Actual fixed costs of $45,000 exceeded budgeted fixed costs by $2,000. Prepare Marshall's flexible budget performance report by completing the shaded areas. MARSHALL INDUSTRIES FLEXIBLE BUDGET PERFORMANCE REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 Budget Amount per Unit 2 (1)-(3) Flexible Actual Budget Results Variance 22,800 (3) - (5) Sales Flexible Volume Budget Variance 22,800 Static Budget 23,600 Units Sales Revenue $5.00 $125,400 114 00 $114,000 $118,000 2.45 54,720 57,820 Variable Costs Contribution Margin 70,680 60,180 45,000 Fixed Costs Operating Income $25,680 $15.140 $17.180