Young Manufacturing reports the following fixed budget and actual results for the past year. The fixed budget uses a selling price of $40 per unit and variable costs of $8 per unit. Prepare a flexible budget performance report for the past year. Label variances as favorable (F) or Unfavorable (U). Young Company produced and sold 105,000 units in May. For the level of production in May, budgeted amounts were sales $1,300,000; variable costs $750,000; and fixed costs $300,000. The following actual results are available for May. Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable