Top managers of McKnight Industries predicted 2018 sales of 14,700 units of its product at a unit price of $10.00. Actual sales for the year were 14,200 units at $11.50 each. Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $5,300 Prepare McKnight's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Flexible Budget Performance Report For the Year Ended December 31, 2018 Units Sales Revenue 1 2 3 (1)-(3) Budget Amounts Flexible Actual Per Unit Results Budget Variance Flexible Budget (3)-(5) Sales Volume Variance Static Budget Variable Costs Contribution Margin Fixed Costs Oneration Income o input fields and then continue to the next question Top managers of McKnight Industries predicted 2018 sales of 14,700 units of its product at a unit price of $10.00. Actual sales for the year were 14,200 units at $11.50 each. Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $5,300. Prepare McKnight's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? CORD Fixed Costs Margar 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 than continue to the next question This variance resulted from selling the company's product at