Top managers of Root Industries predicted 2025 sales of 14,500 units of its product at a unit price of $9.50. Actual sales for the year were 14,300 units at $11.00 each. Variable costs were budgeted at $3.40 per unit, and actual variable costs were $3.50 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5,000 Prepare Root Industries' 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. Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter For any $0 variances, leave the Favorable (FYUnfavorable (U) input field blank.) Root Industries Flexible Budget Performance Report For the Year Ended December 31, 2025 1 2 3 5 (1)-(3) (3)-(5) Budget Flexible Amounts Actual Budget Flexible Sales Volume Static Per Unit Results Variance Budget Variance Budget Units 14300 14300 14500 Sales Revenue 9.5 157300 21450 F 135850 U 140300 F Variable Costs 3.4 F U Contribution Margin