Nina Company prepared the following fixed budget for July using 7,880 units for budgeted sales. Actual sales were 7,580 units and actual costs are shown below.

Fixed BudgetFor Month Ended July 31Variable Amount per UnitTotal Fixed CostFixed Budget (7,880 units)Actual Results (7,580 units)Sales$ 100 $ 788,000$ 774,430Variable costs Direct materials35 275,800280,480Direct labor15 118,200115,300Indirect materials4 31,52029,720Sales commissions11 86,68082,390Total variable costs65 512,200507,890Contribution margin$ 35 $ 275,800$ 266,540Fixed costs DepreciationMachinery $ 71,81071,81071,810Supervisor salary 42,59042,59043,880Insurance 10,57010,57010,570DepreciationOffice equipment 7,7807,7807,780Administrative salaries 33,90033,90031,320Total fixed costs $ 166,650166,650165,360Income $ 109,150$ 101,180

Prepare a flexible budget performance report for July at activity level of 7,580 units. Show variances between budgeted and actual amounts.

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

Flexible Budget Performance Report \begin{tabular}{|l|l|l|l|} \hline Administrative salaries & & & \\ \hline Total Fixed Costs & 0 & & \\ \hline Income & & & \\ \hline \end{tabular}