The fixed budget for 21,800 units of production shows sales of $566,800; variable costs of $65,400; and fixed costs of $141,000... The company's actual sales were 27,500 units at $670,000. Actual variable costs were $113,800 and actual fixed costs were $132,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Flexible Budget Actual Results Favorable or Variances Unfavorable $ 670,000 Unfavorable Unfavorable 0 670,000 Unfavorable 141,000 132,000 Favorable $ (141,000) $ 538,000 Unfavorable