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, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results For Month Ended June 30 Variances (11,100 units) (11,100 units) Sales $ 888,000 $ 915,000 $ Variable costs Contribution margin Fixed costs Income 399,600 354,000 Favorable/Unfavorable 27,000 Favorable 45,600 Favorable 488,400 Favorable 273,000 288,000 (15,000) Unfavorable