The following is a flexible budget for Shopper Drug Mart, which is based upon 10,000 units being produced in the quarter. At the end of the quarter, actual results were compared to the flexible budget as shown below: Budget for Quarter 1 Production: Shopper Drug Mart Budget Actual Variance 10.000 15.000 Units of Production Fixed Costs: Supervision Depreciation Property Taxes Insurance Total Fixed Costs Variable Costs: Direct Labour Supplies & lubricants Maintenance Utilities 20,000 20,000 Total Variable Costs TOTAL COSTS 5,000 5,000 6,000 5,000 6,000 5.000 86,000 70,800 15,200 30,000 50,000 (20,000) 40,000 35,000 5,000 20,000 28,000 (8.000) 176.000 183,800 (Z.800) 212.000 219,800 (7,800) (The above data will be used for this and the following 2 questions.) Based upon the amounts used in creating the above draft report, the President of the company has asked you to assess whether the overall operation had a favorable or unfavorable variance? 36,000 36,000