Line Brodrick Company expects to produce 20,700 units for the year ending December 31. A flexible budget for 20,700 units of production reflects sales of $455,400; variable costs of $62,100; and fixed costs of $144,000. QS 21-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $538,800 (26,400 units), actual variable costs for the year are $113,900, and actual fixed costs for the year are $131,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Sales $ 538,800 455,400 $ 62,100 Variable expenses 113,900 Contribution margin 393,300 424,900 Fixed expenses 131,000 Income from operations 393,300 $ 293,900 $ Unfavorable Favorable Unfavorable Favorable Unfavorable