Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,380,000; variable costs, $849,000; and fixed costs, $300,000. The following actual financial results are available for May. Sales (113,000 units) Variable costs Pixed costs Actual $1,348,000 821,500 300,000 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 Variable costs Contribution margin