Beech Company produced and sold 107,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $842,000; and fixed costs, $250,000. The following actual financial results are available for May. Actual Sales (107,000 units) Variable costs Fixed costs $1,261,000 805,500 250,000 Prepare a flexible budget performance report for May. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Favorable Unfavorable Flexible Budget Actual Results Variances Variable costs Contribution margin