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Top managers of Stenback Industries predicted 2024 sales of 15,000 units of its product at a unit price of $9.00. Actual sales for the

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Top managers of Stenback Industries predicted 2024 sales of 15,000 units of its product at a unit price of $9.00. Actual sales for the year were 14,000 units at $10.50 each. Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $46,000 exceeded budgeted fixed costs by $4,600. Prepare Stenback's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Units Sales Revenue Variable Costs Contribution Margin Stenback Industries Flexible Budget Performance Report For the Year Ended December 31, 2024 1 2 3 4 5 (1)-(3) (3)-(5) Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget

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