Ch 21 Homework 0 Saved Required Information Part 2 0f 2 [The following information applies to the questions displayed below] Phoenix Company reports the following xed budget. It is based on an expected production and sales volume of15,000 10 units. points PHOIHIX COMPANY kl xed Budget 5 We\" l'or Year Ended December 31 Sales 3 3,150,000 Costs Direct materials 1,020,000 a Direct labor 225,000 eBnok Sales staff commissions 45,000 bepreciationMachinery 315,000 Supervisory salaries 210,000 q? Shipping 105,000 Print Sales staff salaries (fixed annual amount) 235,000 Administrative salaries 241,000 DepreciationOffice equipment 210,000 IE Income $ 544,000 References Phoenix Company reports the following actual results. Actual sales were 18,000 units. Sales (15,000 units) 5 3,570,000 Costs Direct materials $ 1,231,000 Direct labor 250,000 Sales staff commissions 54,000 DepreciationMachinery 315,000 Supervisory salaries 260,000 Shipping 130,000 Sales staff salaries {fixed annual amount) 251,500 Administrative salaries 251,000 DepreciationOffice equipment 210,000 Income 939,500 Required: Prepare a exible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance\" and enter "0" for zero variance.)