Required information [The following information apples to the questions displayed below] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15.200 units. Phoenix Company reports the following actual results. Actual sales were 18,200 units. Required: Prepare a flexible budget periormance 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 year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable", Select "No variance" and enter "O" for zero variance.) PMUENIX LUMYANY Flexible Budget Performance Report