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Top managers of Foot industries predicted 2024 sales of 15,200 units of is product at a unit price of $7.50. Actual sales for the year wer0 14, B00 units at 511,00 each. Vorabie costs were budgeted an $270 per unit, and actual variable costs wore $2. 80 per unt. Actual fixed costs of $11,000 exceeded budgoted fored costs by $5,000. Prepare Roots flexble budget performance ceport What variance contributod most to the year's favorable results? What caused this variancen? Prepare a flexible budget performance report for the year. Fint, complete the flexble budget performance report through the contribution margin line, then complete the report through the operating inoome Ine. Finally, oompute the total variances. (Enter a "o' for any zero balances. For any to variances, leave the Favorable (F)Lhiavorable (U) incul blienk)