Nina Company prepared the following fixed budget for July using 7,780 units for budgeted sales. Actual sales were 7,480 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,480 units. Show varlances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Prepare a flexible budget performance report for July at activity level of 7,480 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)