14.28 points Required information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below.] The fixed budget for 20,600 units of production shows sales of $473,800; variable costs of $61,800; and fixed costs of $140,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,900 units at $572,700. Actual variable costs were $113,700 and actual fixed costs were $134,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Answer is not complete. Flexible Budget Performance Report Flexible Actual Budget Results Variances $ 23 X $ 473,800 3 X 61,800 20 412,000 Favorable/ Unfavorable Sales Variable costs Contribution margin Fixed costs Income 20 S 412,000