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 $ $3,060,000$

Costs

Direct materials $994,500$

Direct labor $214,200$

Sales staff commissions $61,200$

Depreciation$$Machinery $305,000$

Supervisory salaries $199,000$

Shipping $244,800$

Sales staff salaries $($fixed annual amount$)250,000$

Administrative salaries $440,300$

Depreciation$$Office equipment $198,000$

Income $ $153,000$

Phoenix Company reports the following actual results. Actual sales were $18,300$ units.

Sales $(18,300$ units$)$ $ $3,705,750$

Costs

Direct materials $ $1,204,140$

Direct labor $263,520$

Sales staff commissions $64,050$

Depreciation$$Machinery $305,000$

Supervisory salaries $211,000$

Shipping $284,565$

Sales staff salaries $($fixed annual amount$)271,000$

Administrative salaries $449,300$

Depreciation$$Office equipment $198,000$

Income $455,175$

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 $"0"$ for zero variance.$)$