Nina Company prepared the following fixed budget for July using 7,720 units for budgeted sales. Actual sales were 7,420 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 Total Fixed Unit $ 100 35 Cost Fixed Budget (7,720 units) $ 772,000 270,200 115,800 30,880 Actual Results (7,420 units) $ 758,670 274,720 112,900 29,080 80,710 497,410 $ 261,260 15 4 11 65 84,920 501,800 $ 35 $ 270,200 $ 70,290 70,290 70,290 41,710 41,710 42,920 10,330 10,330 10,330 7,620 7,620 7,620 33,900 33,900 30,680 $ 163,850 163,850 161,840 $ 106,350 $ 99,420 Prepare a flexible budget performance report for July at activity level of 7,420 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)