Nina Company prepared the following fixed budget for July using 7,840 units for budgeted sales. Actual sales were 7,540 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,540 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Prepare a flexible budget performance report for July at activity level of 7,540 units. Show variances between budgeted and actual amounts, (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)