Top managers of White Industries predicted $2025$ sales of $15,000$ units of its product at a unit price of

$$6\mathrm{.}50.$ Actual sales for the year were $14,300$ units at $$12\mathrm{.}00$ each. Variable costs were budgeted at $$2\mathrm{.}80$

per unit, and actual variable costs were $$2\mathrm{.}90$ per unit. Actual fixed costs of $$49,000$ exceeded budgeted

fixed costs by $$2,000.$

Prepare White Industries' 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. Label the variance as

favorable $($F$)$ or unfavorable $($U$),$ in the input field after the amount you enter. For any $$0$ variances, leave

the Favorable $($F$)/$Unfavorable $($U$)$ input field blank.$)$

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