Required information [The following information applies to the questions displayed below.] Brodrick Company expects to produce 20,400 units for the year ending December 31. A flexible budget for 20,400 units of production reflects sales of $530,400; variable costs of $61,200, and fixed costs of $141,000. Assume that actual sales for the year are $642.000 (26,500 units), actual variable costs for the year are $113,500, and actual fixed costs for the year are $132,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Answer is not complete. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Actual Results Variances Favorable! Unfavorable $ Sales Variable expenses Contribution margin Fixed expenses Income from operations Flexible Budget 526,000 X $ 78,900 X 447,100 141,000 306,100 $ 479,000 X $ 113,300 X 365,700 131,000 X 234,700 47,000 Unfavorable 34,400 X Unfavorable 81,400 Unfavorable 10,000 X Favorable Unfavorable >$