Top managers of Smith Industries predicted 2024 sales of 14,600 units of its product at a unit price of $7.00. Actual sales for the year wore 14,000 units at $9.00 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2,70 per unit. Actual fixed costs of $43,000 exceeded budgefed fored costs by $5,000. Prepare Smith's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a faxible budgot performence report tor the year. First, complete the floxble bucget performance report theough the contrbution margin line, then complele 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)untavorable (U) input blank)