Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 17,000 units. Phoenix Company's actual income statement for 2019 follows.Prepare a flexible budget performance report for 2019.

Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($68,000 is variable) Plant management salaries Gross profit Selling expenses PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income from operations $1,190,000 255,000 85,000 330,000 218,000 215,000 2,293,000 1,532,000 102,000 136,000 260,000 $3,825,000 129,000 241,000 90,000 498,000 460,000 $ 574,000