Brodrick Company expects to produce 20,200 units for the year ending December 31. A flexible budget for 20,200 units of production reflects sales of $545,400; variable costs of $60,600; and fixed costs of $141,000. QS 21-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $709,000 (28,000 units), actual variable costs for the year are $113,800, and actual fixed costs for the year are $131,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Sales Variable expenses Contribution margin Fixed expenses Income from operations 0 0 1 $ 0 $ 0