Nina Company prepared the following fixed budget for July using 7,520 units for budgeted sales. Actual sales were 7,220 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,220 units. Show variances 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 7,220 units. Show variances betw amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)