Top managers of Preston Industries predicted 2024 sales of 14,700 units of its product at a unit price of $8.00. Actual sales for the year were 14,400 units at $11.00 each. Variable costs were budgeted at $2.80 per unit, and actual variable costs were $2.90 pe unit. Actual fixed costs of $45,000 exceeded budgeted fixed costs by $5,300. Prepare Preston's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? *** (3)-(5) Budget Sales (1)-(3) Flexible Budget Variance Actual Flexible Static Amounts Per Unit Volume Variance Results Budget Budget Units Sales Revenue 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 This variance resulted from selling the company's product at