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, $1,240,000; variable costs, $830,000; and fixed costs, $370,000. The following actual financial results are available for May. Actual Sales (107,000 units) Variable costs Fixed costs $1,221,000 794,500 370,000 Prepare a flexible budget performance report for May. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Favorablel Unfavorable Flexible Budget Actual Results Variances Contribution margin