top managers of Stenback Industries predicted 2024 sales of 14,600 units of its product at a unit price of $9.00. Actual sales for the year were 14,000 units at $11.50 each. Variable costs were budgeted

2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5,300.

parepare Stenback's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance?

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White Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 1 2 3 4 5 (3) - (5) Sales Budget Amounts Actual Volume Static Per Unit Results Variance Budget 14,500 Units (1)-(3) Flexible Budget Flexible Variance Budget 14,400 14,400 F $ 122,400 $ 1,440 U 31,680 12,960 F 90,720 42,400 14,400 Sales Revenue $ 8.50 $ 850 U$ 136,800 $ 33,120 123,250 31,900 220 F Variable Costs 2.20 630 Contribution Margin 103,680 47,000 91,350 42,400 4,600 Fixed Costs $ $ 56,680$ 8,360 $ 630 48,320 $ F 48,950 Operating Income Flexible Budget Variance $ Sales Volume Variance $ 630 8,360 FT Static Budget Variance $ 7,730 F