Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of $142,000. If the company actually produces and sells 26,700 units, calculate the flexible budget income. Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $574,000; variable costs of $61,500; and fixed costs of $142,000. The company's actual sales were 26,700 units at $702,600. Actual variable costs were $113,900 and actual fixed costs were $136,000. 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.)