Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report For Month Ended June 30 Flexible Budget Actual Results Variances Favorable/Unfavorable (10,800 units) (10,800 units) Sales Variable costs Contribution margin $ 21,000 Favorable 351,000 Fixed costs 486,000 270,000 285,000 Income