Beech Company produced and sold 109,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,370,000; variable costs, $830,000, and fixed costs, $240,000. The following actual financial results are available for May. Sales (109.000 units) Variable costs Fixed cost Actual $1,353,000 797,500 240,000 Prepare a flexible budget performance report for May. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable Unfavorable Contribution margin