2 Required information [The following information applies to the questions displayed below) The fixed budget for 20,800 units of production shows sales of $520,000; variable costs of $62,400; and fixed costs of $140,000 If the company actually produces and sells 27700 units, calculate the flexible budget Income. Flexible Budget at Flexible Budget Variable Amount Total Fixed per Unit Cost 20,800 units 27,700 units Contribution margin 12 Required information (The following information applies to the questions displayed below.) The fixed budget for 20,800 units of production shows sales of $520,000; variable costs of $62,400; and fixed costs of $140,000 The company's actual sales were 27,700 units at $651,500. Actual variable costs were $113,500 and actual fixed costs were $136.000 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.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable Unfavorable Contribution margin