5 oints Required information Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below) Phoenix Company reports the following fored budget It is based on an expected production and sales volume of 5,500 units eBook PHOENIX COMPANY xed Budget For Year Ended December 31 Print Sales 53,255,000 costs References Direct materials Direct labor Sales staff comissions Depreciation-Hachinery Supervisory salaries Shipping Sales staff salaries (fixed wnnual munt Administrative salaries Depreciation office equipment Income 1.223.000 2.12.5 77.500 300.000 202.00 232,5 250,00 580.750 194.00 5.162,750 Problem 23-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,500 units $ 3,031,250 $ 1.255.00 3,250 100,00 Sales (16,500 units) Costs Direct materials Direct Labor Sales staff comissions Depreciation achinery Supervisory series Shipping Sales a salaries (ixed alt) Administraties Deprecate-office equipment 29.175 270. 2.25 Remsed: Required information 4.5 points Required: Prepare a flexible budget performance report for the yeat Indicate the effect of each variance by selecting "Favorable" or Unfavorable". Select "No variance and enter "O" for zero variance.) PHOENIX COMPANY Flexible Budget Performance Report coce For Your Ended December 31 Flexible Budget (10.500 units Actual Results (18,500 volts) Variances Favorabila/untavosable Pin 53.885.000s 3.931.250 s 46250 Lavorable References Sales Variable costs Direct materials Direct labor Shipping Sales staff commosions 1221.000 217.500 277.500 92.500 1235,800 284 900 269. 175 33.250 14.500 unfavorable 7:400 unfavorable 8.325 Favorable 9.250 favorable 1.668.500 2015.500 1873 125 2058 125 4.625 Unfavorable 41525avorable 1 Total variable costs Contribution margin Fixed costs Depreciation - Machinery Depreciation Office equipment Supervisory states Sales staff salaries Administrative salaries 300 000 194.000 202000 250.000 500.750 300.000 195000 213,000 270.000 587.750 O No variance Ne variance 11,000 navorable 20.000 Unfavorable 7.000 unfavorable Total foxed costs Income 1.526.250 409.7505 15647501 493 375 s 30.000 favob 3.625 Unte 15