how do i find the flexible budget?

Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 16,000 units. $3,200,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales Cost of goods sold Direct materials $1,120,000 Direct labor 240,000 Machinery repairs (variable cost) 64,000 Depreciation-Plant equipment (straight-line) 300,000 Utilities (48,000 is variable) 208,000 Plant management salaries 230,000 Gross profit Selling expenses Packaging 80,000 Shipping 112,000 Sales salary (fixed annual amount) 260.000 General and administrative expenses Advertising expense 131,000 Salaries 241,000 Entertainment expense 100.000 Income from operations 2.162.000 1,038,000 452,000 472,000 114,000 $ Phoenix Company's actual Income statement for 2019 follows. $3,848,000 PHOENIX COMPANY Statement of Income from Operations For Year Ended December 31, 2019 Sales (19,000 units) Cost of goods sold Direct materials $1,346,000 Direct labor 293,000 Machinery repairs (variable cost) 67,000 Depreciation-Plant equipment (straight-line) 300,000 Utilities (fixed cost is $157,500) 213,500 Plant management salaries 240,000 Gross profit Selling expenses Packaging 92,500 Shipping 125,000 Sales salary (annual) 277,000 General and administrative expenses Advertising expense 140,000 Salaries 241,000 Entertainment expense 103,500 Income from operations 2,459,500 1,388,500 494,500 484,500 $409,500 Required: 1. Prepare a flexible budget performance report for 2019. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31, 2019 Flexible Budget Actual Results Variances $ 3,848,000 Fav./Unfav. Sales Favorable Variable costs Direct materials 1,346,000 Unfavorable Unfavorable Direct labor 293,000 Machinery repairs 67,000 Favorable Utilities 56,000 Favorable 92,500 Favorable Packaging Shipping 125,000 Favorable 0 Total variable costs Contribution margin 1,979,500 1.868,500 Unfavorable Favorable Fixed costs 300,000 O No variance Depreciation --Plant equipment (straight-line) Utilities 300,000 160,000 157,500 2,500 Favorable