Nina Company prepared the following fixed budget for July using 7,580 units for budgeted sales. Actual sales were 7,280 units and actual costs are shown below. Fixed Budget Variable For Month Ended July 31 Sales Variable costs Direct materials Direct labor Indirect materials Sales commissions per Unit $ 100 35 Amount Total Fixed Cost Fixed Budget (7,580 units) $ 758,000 15 4 11 Total variable costs 65 Contribution margin Fixed costs Depreciation-Machinery Supervisor salary Insurance Depreciation-Office equipment Administrative salaries Total fixed costs $ 35 $ 265,300 265,300 113,700 30,320 83,380 492,700 Actual Results (7,280 units) $ 744,880 269,680 110,800 28,520 79,240 488,240 $ 256,640 $ 68,960 68,960 68,960 40,940 40,940 42,080 10,120 10,120 10,120 7,480 7,480 7,480 33,900 33,900 30,120 $ 161,400 161,400 158,760 Income $ 103,900 $ 97,880 Prepare a flexible budget performance report for July at activity level of 7,280 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 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 Supervisory salary Insurance Depreciation-Office equipment Administrative salaries Total Fixed Costs Income NINA COMPANY Flexible Budget Performance Report Flexible Actual Budget Results Variances Favorable/Unfavorable (7,280 units) (7,280 units) 0 0 0 0 Check my wor