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Top managers of Preston Industries predicted 2018 sales of 15,200 units of its product at a unit price of $6.50. Actual sales for the year were 14,700 units at $11.00 each. Variable costs were budgeted at $2.20 per unit, and actual variable costs were $2.30 per unit. Actual fixed costs of $45,000 exceeded budgeted fixed costs by $4,600. Prepare Preston'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 variances, leave the Favorable (F)/Unfavorable (U) input blank.) 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 selling the company's product at flexible budget variance for operating income flexible budget variance for sales revenue sales volume variance for operating income What variance contributed most to the year's favorable results? What caused sales volume variance for sales revenue The variance contributing most to the year's excellent results is the favorable This variance resulted from selling the company's product at ar's favorable results? What caused this variance? Ir's excellent results is the favorable This variance resulted from selling the company's product at

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