Required information (The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $629,300; variable costs of $65,100; and fixed costs of $140,000. If the company actually produces and sells 27,500 units, calculate the flexible budget income. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount Total Fixed Cost 21,700 units 27,500 units per Unit Contribution margin Required information [The following information applies to the questions displayed below.) The fixed budget for 21,700 units of production shows sales of $629,300; variable costs of $65,100; and fixed costs of $140,000 The company's actual sales were 27,500 units at $749,500. Actual variable costs were $113,800 and actual fixed costs were $135,000. 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 Variances Favorable! Unfavorable Contribution margin