Beech Company produced and sold 113,000 units in May. For the level of production in May, budgeted amounts were sales, $1,330,000; variable costs, $828,000; and fixed costs, $390,000. The following actual results are available for May. Sales (113,000 units) Variable costs Fixed costs Actual Results $ 1,297,000 791,500 390,000 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. BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Contribution margin 0 0 $ 0 $ 0 Favorable or Variances Unfavorable