Top managers of Root Industries predicted 2018 sales of 15,200 units of its product at a unit price of $8.50. Actual sales for the year were 14,400 units at $11.50 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 fixed costs by $3,500 Prepare Root's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Root industries Flexible Budget Performance Report For the Year Ended December 31, 2018 2 4. Budget Amounts Per Unit Flexible Budget Variance Sales Volume Variance Actual Flexible Static Results Budget Budget 14400 14400 15200 Units Sales Revenue Variable Costs Contribution Margin 8.50 165600 2.10