Top managers of Stenback Industries predicted 2018 sales of 14,600 units of its product at a unit price of $7.50. Actual sales for the year were 14,400 units at $9.50 each. Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $5,300. Prepare Stenback's 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. For any $0 vanances, leave the Favorable (F)/Unfavorable (U) input blank) Stenback Industries: Flexible Budget Performance Report For the Year Ended December 31, 2018 2 (1)-(3) Units Sales Revenue Variable Costs Contribution Margin Fixed Costs (3)-(5) Budget Flexible Sales Amounts Actual Budget Flexible Per Unit Results Variance Budget Volume Variance Static Budget 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 seling the company's product at What variance contributed most to the year's favorable results? What caused The variance contributing most to the year's excellent results is the favorable flexible budget variance for operating income flexible budget variance for sales revenue sales volume variance for operating income sales volume variance for sales revenue This variance resulted from selling the company's product at