Nina Company prepared the following fixed budget for July using 7,900 units for budgeted sales. Actual sales were 7,600 units and actual costs are shown below.

Fixed Budget

For Month Ended July 31

Variable Amount per Unit

Total Fixed Cost

Fixed Budget (7,900 units)

Actual Results (7,600 units)

Sales

$ 100

$ 790,000

$ 776,400

Variable costs

Direct materials

35

276,500

281,200

Direct labor

15

118,500

115,600

Indirect materials

4

31,600

29,800

Sales commissions

11

86,900

82,600

Total variable costs

65

513,500

509,200

Contribution margin

$ 35

$ 276,500

$ 267,200

Fixed costs

DepreciationMachinery

$ 72,000

72,000

72,000

Supervisor salary

42,700

42,700

44,000

Insurance

10,600

10,600

10,600

DepreciationOffice equipment

7,800

7,800

7,800

Administrative salaries

33,900

33,900

31,400

Total fixed costs

$ 167,000

167,000

165,800

Income

$ 109,500

$ 101,400

Prepare a flexible budget performance report for July at activity level of 7,600 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

Nina Company prepared the following fixed budget for July using 7,900 units for budgeted sales. Actual sales were 7,600 units an actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,600 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) repare a flexible budget performance report for July at activity level of 7,600 units. Show variances between mounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)