Phoenix Company reports the following fixed budget. It is based on on expected production and sales volume of 15,100 units PHOENIX COMPANY Fixed Budget For Year Ended December 31 sales 5 3 , 171. 080 Costs Direct materials 981 . 580 Direct labor 241, ege sales staff commissions 75 , 589 Depreciation Machinery 295, 080 Supervisory salaries 197 ,eve Shipping 211, 480 sales staff salaries (fixed annual amount) 255, 080 Administrative salaries 563. 450 Depreciation office equipment 192, Gee Income $ 158. s58 10enix Company reports the following actual results. Actual sales were 18,100 units Sales (18, 108 units) 3, 846, 250 Costs Direct materials 1, 190, 980 Direct labor Sales staff commissions 81,450 Depreciation Machinery 1295 083 Supervisory salaries Shipping Sales staff salaries ( fixed annual amount ) 1274, 960 Administrative salaries 970.450 Depreciation Office, equipment 192,098 Income 483, 275 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 Flexible Budget Performance Report Flexible For Year Ended December Budget ( 18,100 Actual Results Variances Favorable/Unfavorable unita) (18, 100 unita)