Save Homework: Ch 23 Flexible Bdgts Homework Score: 0 of 10 pts 4 of 15 (15 complete) HW Score: 77.05%, 67.03 of 87 pts E23-17 (similar to) Question Help Top managers of Kyler Industries predicted 2018 sales of 15,200 units of its product at a unit price of $7.00. Actual sales for the year were 14,800 units at $9.00 each. Variable costs were budgeted at $2.20 per unit, and actual variable costs were $2.30 per unit. Actual fixed costs of S46,000 exceeded budgeted fixed costs by $4,500 Prepare Kyler's flexible budget performance report, What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution marginine, then complete the report through the operating income ine. Finally, compute the total variances (Entor a ** for any zero balances. For any $0 variances, loave the Favorable (F/Unfavorable (U) input blank.) Kyler Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 3 5 (1)-(3) (3)-(5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Unit 14,800 14,800 Sales Revenue $ 7.00 $ 133,200 103600 F 29600 740000 177800 34.040 1480 53640 220 Variable Costs 32560 31080