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Top managers of Cole Industries predicted 2024 sales of 14,500 units of its product at a unit price of S7.50. Actual sales for the year were 14,000 units at S1060 each. Variable costs were budgeted at S2Q0 per unit, and actual variable costs were $2.30 per unit. Actual fixed costs of S46,000 exceeded budgeted fixed costs by S5,000. Prepare Cole's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? tnrougn tne contnouuon margin line, men complete me report tnrougn tne operating Income line. Finally, compute the total variances. (Enter a "0" for any zero balances. For any SO variances, leave the Favorable (F)/Unfavorable (U) input blank.) Units Sales Revenue Variable Costs Contribution Margin Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 Budget Amounts per Unit Actual Results 2 Flexible Budget Variance 3 Flexible Budget 4 Sales Volume Variance 5 Static Budget