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ch21 #3 Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed

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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $542,500; variable costs of $65,100; and fixed costs of $140,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,100 units at $628,500. Actual variable costs were $113,800 and actual flxed costs were $132,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

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