Top managers of Kyler Industries predicted 2018 sales of 14,400 units of its product at a unit price of $6.00. Actual sales for the year were 14,300 units at $11.50 each. Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $5,500. Prepare Kyler'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 "0" for any zero balances. For any $0 variances, leave the Favorable (Fy/Unfavorable (U) input blank.) Kyler Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 4 5 (3) - (5) (1)-(3) Flexible Sales Budget Amounts Actual Flexible Volume Static Budget Variance Per Unit Variance Results 14300 Budget 14300 Budget 14400 Units Sales Revenue Variable Costs Choose from any list or enter any number in the input fields and then continue to the next question. Top managers of Kyler Industries predicted 2018 sales of 14,400 units of its product at a unit price of $6.00. Actual sales for the year were 14,300 units at $11.50 each. Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $5,500 Prepare Kyler's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Variable Costs Contribution Margin Fixed Costs Operating Income What variance contributed most to the year's favorable results? What caused this variance? The variance contributing most to the year's excellent results is the favorable V This variance resulted from selling the company's product at Choose from any list or enter any number in the input fields and then continue to the next