Brodrick Company expects to produce 22,000 units for the year ending December 31. A flexible budget for 22,000 units of production reflects sales of $616,000; variable costs of $66,000; and fixed costs of $142,000. Assume that actual sales for the year are $707.400 (26,800 units), actual variable costs for the year are $113,900, and actual fixed costs for the year are $136,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BROORICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances $ Sales Variable expenses Contribution margin Fixed expenses income from operations Favorable! Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable 707 400 113,9001 593,500 136,000 457,500 0 142.000 (142.000) 5