The fixed budget for 20,500 units of production shows sales of $553,500: variable costs of $61,500; and fixed costs of $141,000. The company's actual sales were 27,800 units at $706,600. Actual variable costs were $113,800 and actual fixed costs were $138,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable Unfavorable Contribution margin