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. $1,260,000; variable costs, $826,000; and fixed costs, $310,000. The following actual financial results are available for May. aints Actual $1,240,600 797,500 310,000 Sales (107, eee units) Variable costs Fixed costs Skipped eBook Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Print References BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Contribution margin 0 0 1 05 01