Check my work 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 20.500 units of production shows sales of $533,000: variable costs of $61,500; and fixed costs of $143,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27700 units, calculate the flexible budget income. -Flexible Budget at Flexible Budget Vanable Amount Total Fixed Cost 20,500 units 27,700 units per Unit 5 Sales Variable costs Contribution margin Fixed costs 26 31 23 $ S 533,000 61,500 471,500 0 143 000 143,000 328,500S (143,000) S 143.000 Income $ 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 20,500 units of production shows sales of $533,000: variable costs of $61,500; and fixed costs of $143.000, QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27700 units at $674,200. Actual variable costs were $113,800 and actual fixed costs were $131,000 Prepare a flexible budget performance report Indicate whether each variance is favorable or unfavorable (Indicate the effect of each varlance by selecting favorable, unfavorable, or no verlance.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable Contribution margin 0 0 $ 0