Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 $ 3,213,000 994,500 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income 229,500 45,900 300,000 196,000 229,500 250,000 613,950 193,000 $ 160,650 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) Costs Direct materials Direct labor $ 3,888,750 $ 1,204,140 281,820 45,750 Sales staff commissions Depreciation-Machinery 300,000 Supervisory salaries 209,000 Shipping 266,265 Sales staff salaries (fixed annual amount) Administrative salaries 267,000 621,950 Depreciation-office equipment 193,000 Income 499,825 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No varlance" and enter "0" for zero varlance.) PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31 Variable costs Fixed costs Flexible Budget (18,300 units) Actual Results (18,300 units) Variances Favorable/Unfavorable