Nina Company prepared the following fixed budget for July using 7660 units for budgeted sales. Actual sales were 7,360 units and actual costs are shown below. Fixed Budget Variable Amount per Total Fixed Fixed Budget Actual Results For Month Ended July 31 Unit Cost (7,668 units} (7,368 units) Sales $ 188 $ 766,888 $ 752,768 Variable costs Direct materials 35 268,188 272,568 Direct labor 15 114,988 112,888 Indirect materials 4 38,648 28,848 Sales commissions 11 84,268 88,888 Total variable costs 65 497,988 493,488 Contribution margin $ 35 $ 268,188 $ 259,288 Fixed costs DepreciationeMachinery $ 69,728 69,728 69,728 Supervisor salary 41,388 41,388 42,568 Insurance 18,248 18,248 18,248 DepreciationOffice equipment 7,568 7,568 7,568 Administrative salaries 33,988 33,988 38,448 Total fixed costs is 162,868 162,888 168,528 Income $ 185,388 $ 98,768 Prepare a flexible budget performance report for July at activity level of 7,360 units. Show variances between budgeted and actual amounts. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Prepare a exible budget performance report for July at activity level of 7,360 units. Show variances between budgeted and actual amounts. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Sales Variable costs Direct maten'als Direct labor Indirect materials Sales commissions Total Variable Costs Contn'bution margin Fixed costs DepreciationMachinery Supervisory salary Insurance DepreciationOfce equipment Administrative salan'es Total Fixed Costs Income