Nina Company prepared the following fixed budget for July using 7,820 units for budgeted sales. Actual sales were 7,520 units and actual costs are shown below. For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions Total variable costs Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-Office equipment Administrative salaries: Total fixed costs Income Fixed Budget Variable Amount per Unit $ 100 35 15 4 11 65 $ 35 Actual Results (7,520 units) $ 768,520 278,320 114,400 29,480 81,760 503,960 $ 264,560 Total Fixed Cost Fixed Budget (7,820 units) $ 782,000 273,700 117,300 31,280 86,020 508,300 $ 273,700 $ 71,240 71,240 71,240 42,260 42,260 43,520 10,480 10,480 10,480 7,720 7,720 7,720 33,900 33,900 31,080 $ 165,600 165,600 164,040 $108,100 $ 100,520 Prepare a flexible budget performance report for July at activity level of 7,520 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)