Top managers of Mcknight industries predicted 2024 sales of 15,000 units of its product at a unit price of $9.00. Actual sales for the year were 14,500 units at $11.50 each. Vartable cosis were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $42,000 exceeded budgoted fored costs by $3.000. Prepare Mcknight's flexible budget performance report. What variance contributed most to the year's favorable tesults? What caused this variance? Prepare a flaxible budget performance report for the year. First, complete the flexible budget performance report through the contr bution margin ine, then complete the report erough the operatng income line. Finally, compute the totat variances. (Enler a "0" for any zero bolances. For any 50 variances, leave the Favorable (FYUntavorablo (U) inout blark.)