Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $3,020,000 Costs Direct materials 996,600 Direct labor 211,400 Sales staff commissions 60,400 Depreciation-Machinery 305,000 Supervisory salaries 199,000 Shipping 211,400 Sales staff salaries (fixed annual amount) 240,000 Administrative salaries Depreciation-office equipment 439,200 198,000 Income $151,000 Phoenix Company reports the following actual results. Actual sales were 18,100 units. Sales (18,100 units) Costs Direct materials Direct labor $ 3,665,250 $ 1,209,080 260,640 Sales staff commissions 63,350 Depreciation-Machinery 305,000 Supervisory salaries 213,000 Shipping 245,255 Sales staff salaries (fixed annual amount) Administrative salaries 267,000 448,200 Depreciation-office equipment 198,000 Income 455,725 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.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31 Variable costs Fixed costs Flexible Budget (18,100 units) Actual Results Variances Favorable/Unfavorable (18,100 units)