Top managers of Preston Industries predicted 2018 sales of 14,500 units of its product at a unit price of $9.00. Actual sales for the year were 14.200 units at $10.00 each Variable costs were budgeted at $2.10 per unit, and actual variable costs were $220 per unit. Actual fixed costs of $49,000 exceeded budgeted foxed costs by $4,600 Prepare Preston's flexible budget performance report What variance contributed most to the year's favorable results? What caused this varice? 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 " for any zero balances For any 50 variances, leave the Favorable (FYUnfavorable (U) input blank.) Preston Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 (1)-(3) Flexible Budget Amounts Per Unit Volume Static Actual Results Budget Variance Budget Sales Revenue Variable Costs Contribution Margin Choose from any list or enter any number in the input fields and then continue to the next question Top managers of Preston Industries predicted 2018 sales of 14,500 units of its product at a unit price of $9.00 Actual sales for the year were 14,200 units at $10.00 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 foed costs by $4,600 Prepare Preston's flexible budget performance report What variance contributed most to the year's favorable results? What caused this variance? (1)-(3) (3) - (5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Choose from any list or enter any number in the input fields and then continue to the next question Top managers of Preston Industries predicted 2018 sales of 14,500 units of its product at a unit price of $9.00. Actual sales for the year were 14.200 units at $10.00 each Variable costs were budgeted at $2.10 per unit, and actual variable costs were $220 per unit. Actual fored costs of $19,000 exceeded budgeted feed costs by $4,600 Prepare Preston's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Sales Revenue Variable Costs Contribution Margin Forced Costs Operating Income What Variance contributed most to the year's favorable results? What caused this This variance resulted from selling the The variance contributing most to the year's excellent results is the favorable company's product at Choose from any list or enter any number in the input hields and then continue to the next question SONOS 29