Saan Corporation used the following data to evaluate their current operating system. The company sells items for $$19$ each and used a budgeted selling price of $$19$ per unit. Actual BudgetedUnits sold $180,000$ units $195,000$ units Variable costs $$1,260,000$ $$1,560,000$Fixed costs $ $875,000$ $ $925,000$Required:Prepare a performance report using an income statement in contribution margin format. Use the following three column headings: Actual Results, Budget, Variance. What is the Variable cost Variance$*300,000$ F$300,000$ U$285,000$ U$65,000$ F