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Top managers of Kyler Industries predicted 2024 sales of 14,900 units of its product at a unit price of $6.50. Actual sales for the year were 14,300 units at $9.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $45,000 exceeded budgeted fixed costs by $5,000, Prepare Kyler's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a"0' for any zero balances, For any $0 variances, leave the Favorable (F)Unfavorable (U) input blank.) Kyler Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 2 3 5 (1) - (3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units 14300 14900 Sales Revenue 135850 96850 Variable Costs 38610 38740 Contribution Margin 174460 135590 Fixed Costs 45000 5000 40000 Operating Income ? Choose from any list or enter any number in the input fields and then continue to the next question 9:54 PM 4/13/2021