Phoentix Company reports the following fixed budget, it is based on an expected production and sates volume of ts.000 units Phoenix Compeny reports thio foliowing actual results. Actual soles were 18.000 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 "o" for zero variance.) Required: Prepare a flexible budget performance report for the yeat. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "0" for zero variance.)