Top managers of Cole Industries predicted 2024 sales of 14,400 units of its product at a tanit price of 57.50 . Actuat sales for the year wore 14,100 uniti at 310 an nach Variathe conts were budgeted at $2.60 per unit, and actual variable costr were $2.70 per unit. Actual fixed conts of $7. 000 exceeded budgnted fored coste by 55 .200 Prepare Colo's Gexible budgat porlormance repoit. What varlance contilbuted mott to the year's tavorable results? What caused this variance? Prepare a flexiblo bodget performance report for the year. First complete the flomble budget porformance report tiroough the contribution margin line, thene compluta ihin inpeit through the operating incorme line. Finally, compute the lotal variances. (Enter a "0" lor any zero balances. For any 50 variances, leavi ithe Favorable (FVUniavoratile (U) Prepare a flexible budget performance report for the year. First, complete the llexible budget perfommance report through the contribution thargin line, itimen cump the operating income line. Finally, compute the total variances. (Enter a " 0for any zero balances, For any 50 variances, Ieave the Favorable (FyUnfavorable (U