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 Sales $ 3,213, Bee Costs Direct materials 994,500 Direct labor 229,500 Sales staff commissions 76.ee Depreciation Machinery 305,000 Supervisory salaries 203, eee Shipping 244,800 Sales staff salaries (fixed annual amount) 253, eee Administrative salaries 520,920 Depreciation-office equipment 193,000 Income $ 192,780 Phoenix Company reports the following actual results. Actual sales were 18,300 units, Sales (18,308 units) $ 3,888,750 Costs Direct materials $ 1,204,140 Direct labor 281,820 Sales staff commissions 82,350 Depreciation Machinery 305,000 Supervisory salaries 218, eee Shipping 284,565 Sales staff salaries (fixed annual amount) 271,080 Administrative salaries 526,920 Depreciation-office equipment 193,888 Income 521,955 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.) PHOENIX COMPANY PHOENIX COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget (18,300 units) Actual Results (18,300 units) Variances Favorable/Unfavorable Sales Variable costs Direct materials Direct labor Sales staff commissions Shipping 0 Total variable costs Contribution margin Fixed costs Depreciation -- Machinery Depreciation Office equipment Supervisory salaries Sales staff salaries Administrative salaries Total fixed costs 0 Incomo