Beech Company produced and sold 106,000 units in May. For the level of production in May, budgeted amounts were sales, $1,400,000; variable costs, $846,000; and fixed costs, $290,000. The following actual results are available for May.

Beech Company produced and sold 106,000 units in May. For the level of production in May, budgeted amounts were sales, $1,400,000; variable costs, $846,000; and fixed costs, $290,000. The following actual results are available for May. Actual Results Sales (186,808 units) $ 1,373,000 variable costs 812,500 Fixed costs 290,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.) BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable/ Unfavorable Contribution margin 0 0 S 0 S 0