Check my work YURU 1 Use the following information for the Problems below. (Algo) (The following information applies to the questions displayed below.) Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,200 units. 4.5 points eBook Print $ 3,192,000 References PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation office equipment Income 988,000 212,800 60,800 300,000 205,000 228,000 250,000 592,800 195,000 $ 159,600 Problem 23-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,200 units. $ 3,867,500 Sales (18,200 units) Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 1,197,560 262,080 63,700 300,000 216,000 264,810 268,000 601,800 195,000 498,550 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget (18,200 units) Actual Results (18,200 units) Variances Favorable/Unfavorable Variable costs Flexible Budget Performance Report For Year Ended December 31 Flexible Budget (18,200 units) Actual Results (18,200 units) Variances Favorable/Unfavorable Variable costs Fixed costs