Nina Company prepared the following fixed budget for July using $7,600$ units for budgeted sales. Actual sales vere $7,300$ units and actual costs are shown below.

Prepare a flexible budget performance report for July at activity level of $7,300$ units. Show variances between budgeted and actual amounts.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.

$\backslash$table$[[$NINA COMPANY$],[$Flexible Budget Periomance Report$],[$For Month Ended July $31,\backslash$table$[[$Flexible$],[$Budget$],[$ unils$)]],\backslash$table$[[$Actual$],[$Resuld$],[$G$,3$oo units?$]],$Mariances,Favorable or Unfavorable$],[$Sales$],[$Variable costs$],[$Direct malerials$],[$Direct lisbor$],[$Indirect malerisls$],[$Sales commissions$],[$Total Variable Costs$],[$Consribution margin$],[\backslash$table$[[$Fioed costs$]]],[$Depreciation $-$ Machinery$],[$Supenisory salary$],[$Insurance$],[$Depreciation $-$ Ollice equpment$],[$Adminisiralive salaries$],[$Toud Fixed Costs,$0,0,,],[$income$,,,,]]$