Top managers of Smith Industries predicted 2024 sales of 14,400 units of its product at a unit price of $9.00 Actual sales for the year were 14,000 units at 512 50 each Variable costs were budgeted at $260 per unit and actual variable costs were $2.70 per unit Actual fixed costs of $41.000 exceeded budgeted food costs by $2,000. Prepare Smith's Rexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? 4 5 Smith Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 1 2 3 (13) Flexible Actual Budget Flexible Results Variance Budget Budget Amounts Per Unit (3) (5) Sales Volume Variance Static Budget Units Sales Revenue Variable Costa Contribution Margin Fixed Costs LE 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 result is the favorable product at This valance sheet from selling the company's