QS $21-4$ Flexible budget performance report $$ P$1$

The fixed budget for $20,000$ units of production shows sales of $$400,000$; variable costs of $$80,000$; and fixed costs of $$150,000.$ The company's actual sales were $26,000$ units at $$480,000.$ Actual variable costs were $$112,000$ and actual fixed costs were $$145,000.$ Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable.