Required information [The following information applies to the questions displayed below.] Brodrick Company expects to produce 21,200 units for the year ending December 31. A flexible budget for 21,200 units of production reflects sales of $551,200; variable costs of $63,600; and fixed costs of $143,000. Assume that actual sales for the year are $662,600 (27,100 units), actual variable costs for the year are $113,000, and actual fixed costs for the year are $131,000. 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 complete but not entirely correct. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Actual Favorable/ Variances Budget Results Unfavorable Sales 551,200 $ 662,600 $ 111,400 Favorable. Variable expenses 63,600 113,000 49,400 Unfavorable Contribution margin 487,600 549,600 62.000 Favorable Fixed expenses 9 143,000 131,000 (12,000) Favorable Income from operations $ 344,600 $ 418,600 $ 74,000 Favorable *