Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units.

Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. enix Company reports the following actual results. Actual sales were 18,400 units. Phoenix Company reports the following actual results. Actual sales were 18,400 units. 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.)