0 Required information [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials. Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,171,000 966,400 226,500 60,400 300,000 196,000 226,500 254,000 587,650 195,000 $158,550 Phoenix Company reports the following actual results. Actual sales were 18,100 units. Sales (18,100 units) Costs Direct materials. Direct labor $ 3,846,250 $ 1,172,880 278,740 Sales staff commissions 63,350 Depreciation-Machinery 300,000 Supervisory salaries 209,000 Shipping 263,355 Sales staff salaries (fixed annual amount) Administrative salaries 272,000 596,650 Depreciation-office equipment 195,000 Income 495,275 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance.) For Year Ended December 31 Sales Variable costs Direct materials Direct labor Sales staff commissions Shipping PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,100 units)) Actual Results (18,100 units) Variances Favorable/Unfavorable $ 3,801,000 $ 3,846,250 s 45,250 Unfavorable 1,158,400 271,500 72,400 271,500 1,172,880 14,480 Unfavorable 278,740 63,350 263,355 7,240 Unfavorable 9,050 Favorable 8,145 Favorable