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Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of $15,200$ units.

PHOENIX COMPANY

Fixed Budget

For Year Ended December $31$

Sales $ $3,040,000$

Costs

Direct materials $1,003,200$

Direct labor $212,800$

Sales staff commissions $60,800$

Depreciation$$Machinery $305,000$

Supervisory salaries $200,000$

Shipping $228,000$

Sales staff salaries $($fixed annual amount$)253,000$

Administrative salaries $431,200$

Depreciation$$Office equipment $194,000$

Income $ $152,000$

Phoenix Company reports the following actual results. Actual sales were $18,200$ units.

Sales $(18,200$ units$)$ $ $3,685,500$

Costs

Direct materials $ $1,215,760$

Direct labor $262,080$

Sales staff commissions $63,700$

Depreciation$$Machinery $305,000$

Supervisory salaries $214,000$

Shipping $264,810$

Sales staff salaries $($fixed annual amount$)272,000$

Administrative salaries $440,200$

Depreciation$$Office equipment $194,000$

Income $453,950$

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 $"0"$ for zero variance.