25 2 points 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 15,200 units PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $3,192,000 Costs Deferences Direct saterials 988,000 Direct abo 228,000 Sales state co 60,000 305,000 Suones 200,000 228,000 254,000 De 193,000 $150,000 Mc Graw Phoenix Company reports the following actual results. Actual sales were 18,200 units Costs Direct natriats Avery salaries Shipping $3,067.500 280,200 63,700 214.000 2 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 or for zero vacance Required; Prepare a flexible budget performance report for the year. (Indicate the effect of each varlance by selecting "Favorable" or "Unfavorable". Select "No varlance" and enter "O" for zero varlance.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31 Variable costs Fixed costs Flexible Budget (18,200 units) Actual Results Variances Favorable/Unfavorable (18,200 units) +