Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) $ 3,705,750 Costs Direct materials $ 1,222,440 Direct labor 281,820 Sales staff commissions 64,050 DepreciationMachinery 295,000 Supervisory salaries 216,000 Shipping 266,265 Sales staff salaries (fixed annual amount) 267,000 Administrative salaries 440,000 DepreciationOffice equipment 199,000 Income 454,175

Required information 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 15,300 units. Problem 23-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Required: Prepare a flexible budaet performance report for the vear. Required: Prepare a flexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter zero variance