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

units.

Problem $23-2$A $($Algo$)$ Preparing a flexible budget performance report LO P$1$

Phoenix Company reports the following actual results. Actual sales were $18,400$ units.

Required: Required information

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 $"$O$"$ for zero

variance.