Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 8,000 units for product Z. Sales were budgeted at $26.00 per unit and were actually sold at $28.95. Variable costs were budgeted to be $22.00 per unit and actually results were $20.00 per unit. Fixed costs were budgeted at $14,000 and actually came in at $14,830. Indicate whether the variances were Favorable (F), Unfavorable (U), or No Variance (N).

Flexible Budget Performance Report

	Actual Results	Flexible Budget Variance		Flexible Budget
Units			FUN
Sales Revenue			FUN
Variable Costs			FUN
Contribution Margin			FUN
Fixed CostsSingle line	Single line	Single line	FUNSingle line	Single line
Single lineOperating IncomeDouble line	Single line