Top managers of Root Industries predicted 2024 sales of 15,200 units of its product at a unit price of $8.50. Actual sales for the year were 14,700 units at $11.50 each. Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $45,000 exceeded budgeted fixed costs by $5,200 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, 2024 3 4 5 (1)-(3) Flexible Budget (3) -(5) Sales Budget Actual Volume Static Amounts Per Unit Variance Flexible Budget 15200 Variance Results 14700 Budget Units 15200 Sales Revenue 8.50 Variable Costs 2.40 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