Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,400 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 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 Incone $3,000,000 1,016, 400 246,400 61,600 295,000 196,000 231,000 246,000 439,686 194,000 $ 154,000 Phoenix Company reports the following actual results. Actual sales were 18,400 units. Sales (18,490 units) Costs Direct materials $ 3,726,009 $ 1,229,128 Direct labor 391,768 Sales staff commissions 64,400 Depreciation Machinery 295,998 Supervisory salaries 297,098 Shipping 267,720 Sales staff salaries (fixed annual amount) Administrative salaries 263,000 446,600 Depreciation-office equipment 194,998 457,490 Income Required: Prepare a flexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for ze variance.