Beech Company produced and sold 109,000 units in May. For the level of production in May, budgeted amounts were sales, $1,310,000; variable costs, $838,000; and fixed costs, $240,000. The following actual results are available for May. Actual Results Sales (109,000 units) Variable costs $ 1,275,000 Fixed costs 804,500 240,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. > Answer is not complete. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Actual Results Favorable or Variances Unfavorable $ 1,310,000 $ 1,275,000 $ (35,000) Unfavorable 838,000 804,500 33,500 Favorable 472,000 470,500 240,000 240,000 0 No variance $ 232,000 $ 230,500