Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $81 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Sales Variable costs Contribution margin Foxed costs Income Flexible Budget (11,800 units) Actual Results (11,000 units) Variances Favorable/Unfavorable $ 29,200 Favorable 361,000 554,000 280.000 295,000