Beech Company produced and sold 107,000 units in May. For the level of production in May, budgeted amounts were sales, $1,230,000; variable costs, $846,000; and fixed costs, $370,000. The following actual results are available for May. Sales (107,000 units) Variable costs Fixed costs Actual Results $ 1,201,000 814,500 370,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance 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