2 Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. art 2 of 2 Sales Costs Direct materials Direct labor PHOENIX COMPANY Fixed Budget For Year Ended December 31 ats kipped Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Book Print rences Income $ 3,020,000 981,500 241,600 75,500 295,000 203,000 226,500 246,000 408,900 191,000 $ 151,000 Phoenix Company reports the following actual results. Actual sales were 18,10 units. Sales (18,100 units) Costs Direct materials Direct labor Sales staff commissions $ 3,665,250 $ 1,190,980 296,840 81,450 295,000 Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income 214,000 263,355 266,000 416,900 191,000 449,725 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or