Beech Company produced and sold 115,000 units in May. For the level of production in May, budgeted amounts were sales, $1,310,000; variable costs, $834,000; and xed costs, $320,000. The following actual results are available for May. Actual Results Sales (115,000 units) $ 1,293,000 4 Variable costs 803,500 points Fixed costs 320,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin