Required information Skip to question The following information applies to the questions displayed below 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 $ 3,234,000 Costs Direct materials 1,001,000 Direct labor 231,000 Sales staff commissions 46,200 DepreciationMachinery 295,000 Supervisory salaries 201,000 Shipping 231,000 Sales staff salaries (fixed annual amount) 255,000 Administrative salaries 613,100 DepreciationOffice equipment 199,000 Income $ 161,700 Phoenix Company reports the following actual results Actual sales were 18,400 units Sales (18,400 units) $ 3,910,000 Costs Direct materials $ 1,210,720 Direct labor 283,360 Sales staff commissions 46,000 DepreciationMachinery 295,000 Supervisory salaries 214,000 Shipping 267,720 Sales staff salaries (fixed annual amount) 274,000 Administrative salaries 622,100 DepreciationOffice equipment 199,000 Income 498,100 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 0 for zero variance )

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Required information Skip to question [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on

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[The following information applies to the questions displayed below.] 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	$ 3,234,000
Costs
Direct materials	1,001,000
Direct labor	231,000
Sales staff commissions	46,200
DepreciationMachinery	295,000
Supervisory salaries	201,000
Shipping	231,000
Sales staff salaries (fixed annual amount)	255,000
Administrative salaries	613,100
DepreciationOffice equipment	199,000
Income	$ 161,700

Phoenix Company reports the following actual results. Actual sales were 18,400 units.

Sales (18,400 units)	$ 3,910,000
Costs
Direct materials	$ 1,210,720
Direct labor	283,360
Sales staff commissions	46,000
DepreciationMachinery	295,000
Supervisory salaries	214,000
Shipping	267,720
Sales staff salaries (fixed annual amount)	274,000
Administrative salaries	622,100
DepreciationOffice equipment	199,000
Income	498,100

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 "0" for zero variance.)