Beech Company produced and sold 105,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales. $1,270,000: variable costs $828.000; and fixed costs, $260,000. The following actual financial results are available for May Sales (105,000 units) Variable costs Fixed costs Actual 51,248,000 798,500 260.000 Prepare a flexible budget performance report for May (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BEECH COMPANY Flexible Budget Performance Report For Morth Ended May 31 Flexible Budget Actual Results Variances Favorable