F Required information Sales (18, 000 units) $ 3, 648, 000 Costs Direct materials $ 1, 185, 000 Direct labor 278, 000 Sales staff commissions 63, 000 Depreciation Machinery 300, 000 Supervisory salaries 210, 000 Shipping 261, 500 Sales staff salaries ( fixed annual amount) 268, 000 Administrative salaries 419, 000 Depreciation-Office equipment 195, 000 Income $ 468, 500 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each vari or "Unfavorable". Select "No variance" and enter "0" for zero variance.) PHOENIX COMPANY Flexible Budget Performance Report Flexible For Year Ended December 31 Budget (18,000 Actual Results (18,000 units) Variances Fa units) Sales 3,600,000 $ 3,648,000