Beech Company produced and sold 114,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,300,000; variable costs, $844,000; and fixed costs, $300,000. The following actual financial results are available for May. Sales (114,000 units) Variable costs Fixed costs Actual $1,266,000 809,500 300,000 Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Contribution margin BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Favorable/ Flexible Budget Actual Results Variances Unfavorable