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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Phoenix Company reports the following

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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Phoenix Company reports the following actual results. Actual sales were 18,300 units. 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.)

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