Top managers of Root Industries predicted $2024$ sales of $15,000$ units of its product at a unit price of $$10\mathrm{.}00.$ Actual sales for the

year were $14,800$ units at $$11\mathrm{.}00$ each. Variable costs were budgeted at $$2\mathrm{.}40$ per unit, and actual variable costs were $$2\mathrm{.}50$ per

unit. Actual fixed costs of $$42,000$ exceeded budgeted fixed costs by $$2,500.$

Prepare Root'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 $($F$)/$Unfavorable $($U$)$ input blank.$)$