QS 21-1 (Algo) Flexible budget performance report LO P1 Beech Company produced and sold 110,000 units in May. For the level of production in May, budgeted amounts were sales, $1,350,000; variable costs, $831,000; and fixed costs, $270,000. The following actual results are available for May. Sales (110,000 units) Variable costs Fixed costs Actual Results $ 1,322,000 795,500 270,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate th effect of each variance by selecting favorable, unfavorable, or no variance.)