This Question: 25 pts 12 of 27 (11 complete) ? This Test: 215 pts possible Top managers of White Industries predicted 2016 sales of 14,500 units of its product at a unit price of $8.00. Actual sales for the year were 14,400 units at S10.50 each. Variable costs were budgeted at $2.80 per unit, and actual variable costs were $2.90 per unit Actual fxed costs of $43,000 exceeded budgeted fxed costs by $5,300 Prepare white's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this vanance? Prepare a flexble budget performance report for the year. First, complete the flexble budget performance report through the contribution margin line, then complete the report through the operating income line. Finally. compute the total variances. (Enter a "0 for any zero balances. For any $0 variances, leave the Favorable (FMUnfavorable (U) input blank.) White Industries Flexible Budget Performance Report For the Year Ended December 31, 2016 Budget Amounts Actual Budget Flexible Volume Static Per Unlit elsVariance Budget Variance Budget Flexible Sales Units Sales Revenue Variable Costs Margin Fixed Costs Operating Income What vaniance contributed most to the year's favorable results? What caused this variance? The variance contributing most to the years excellent results is the favorable This variance resulted from selling the company's product at