QS 21-1 Flexible budget performance report LO P1 Beech Company produced and sold 114,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $848,000; and fixed costs, $250,000. The following actual financial results are available for May Actual Sales (114, 000 units) Variable costs Fixed costs $1, 273, 000 818,500 250, 000 Prepare a flexible budget performance report for May Prepare a flexible budget performance report for May BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Favorablel Unfavorable Flexible Budget Actual Results Variances Contribution margin