Exercise 21-4 (Algo) Preparing flexible budget performance report LO P1 Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $86 per unit and variable costs of $34 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Variances $ 33,600 F For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Flexible Budget Performance Report Flexible Budget Actual Results (12,400 units) (12,400 units) $? ? 367,000 644,800 ? 286,000 301,000 $? $ ? ? ? Income Flexible Budget Performance Report Flexible Budget Actual Results Variances (12,400 units) (12,400 units) For Month Ended June 30 Favorable/Unfavorable