Top managers of Cole Industries predicted 2024 sales of 15,200 units of its product at a unit price of $7.50 Actual sales for the year were 14,500 units at $1150 each. Variable costs were budgeted at $2 70 per unit, and actual variable costs were $2 80 per unit Actual fixed costs of 547.000 exceeded budgeted fixed costs by $5,200 Prepare Cole's flexibles budget performance report What varianco contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year First, complete the floxible 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 So variances, leave the Favorites (FWUnfavorable (U) input blank) (3) - (5) Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 1 2 3 (1)-(3) Flexible Actual Budget Flexible Results Variance Budget 14500 14500 109750 Budget Amounts Sales Volume Variance Static Per Unit Budget 15200 Units Sales Revenue 7.50 Variable Costs Contribution Margin