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Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $

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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 $36 per unit. (Indicate the effect of each variance by selecting favorable,
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\table[[Flexible Budget Performance Report],[\table[[For Month Ended June 30],[Sales]],\table[[Flexible Budget],[(11,100 units)]],\table[[Actual Results],[(11,100 units)]],Variances,\table[[Favorable/Unfavorable],[Favorable]]],[$,320,000,$,293,000,$,27,000],[Variable costs,,,,354,000,,,],[Contribution margin,,488,400,,,,,],[Fixed costs,,273,000,,288,000,,,],[Income,,,,,,,]]
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