Required information [The following information applies to the questions displayed below.) 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. If the company actually produces and sells 26,000 units, calculate the flexible budget income. Flexible Budget- Flexible Budget at Variable Amount per Unit Total Fixed Cost 20,000 units 26,000 units Contribution margin $ 0 0 0 0 0 Required information. [The following information applies to the questions displayed below.] 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. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results Contribution margini 0 0 $ 0 $ 0 Favorable/ Variances Unfavorable