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 Costs Direct materials $ 3,171,000 966,400 Direct labor 226,500 Sales staff commissions 60,400 Depreciation-Machinery 295,000 Supervisory salaries 196,000 Shipping 241,600 Sales staff salaries (fixed annual amount) Administrative salaries 255,000 572,550 Depreciation-Office equipment 199,000 Income $158,550 Phoenix Company reports the following actual results Actual sales were 18.100 units. Sales (18,100 units) Costs Direct materials Direct labor $ 3,846,250 $ 1,172,880 278,748 Sales staff commissions 63,350 Depreciation-Machinery. 295,000 Supervisory salaries 211,000 Shipping 281,455 Sales staff salaries (fixed annual amount) Administrative salaries 271,000 581,550 Depreciation-office equipment 199,000 Incone 492,275 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each varlance by selecting "Favorable" or "Unfavorable". Select "No varlance" and enter "O" for zero varlance.) For Year Ended December 31 Variable costs Fixed costs PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,100 units) Actual Results (18,100 units) Variances Favorable/Unfavorable Prav Se Navt