Top managers of Juda industries predicted 2024 sales of 14,700 units of its product at a unit price of $8.50. Actual sales for the year were 14,100 units at $10.00 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $46,000 exceeded budgeted fixed costs by $5,000. Prepare Juda's flexible budget performance report. (Text same as in photo). Please show how each one was calculated. Thanks.

Top managers of Juda Industries predicted 2024 sales of 14.700 units of its product at a unit price of $8.50. Actual sales for the year were 14.100 units at $10.00 each. Variable costs were budgeted at $2.60 per unit and actual variable costs were $2.70 per unit. Actual fixed costs of $40,000 exceeded budgeted faced costs by $5.000. Prepare Juda's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a "O" for any zero balances. For any 50 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Juda Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 1 2 3 5 (1)-(3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Variance Budget Budget 14,100 Units 14,100 14.700 Sales Revenue 8.50 Variable Costs 2.80 Contribution Margin Fixed Costs Operating Income Flexible Budget Variance Sales Volume Variance Static Budget Variance