Required information The following information applies to the questions displayed below.) Brodrick Company expects to produce 20,900 units for the year ending December 31. A flexible budget for 20,900 units of production reflects sales of $501,600; variable costs of $62,700, and fixed costs of $142,000, Assume that actual sales for the year are $612,000 (27,500 units), actual variable costs for the year are $113,300, and actual fixed costs for the year are $136.000 Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable 0 Sales Variable expenses Contribution margin Fixed expenses income from operations 0 0 $ 0$ CD 3 Tercer reports the following for one of its products, Direct materials standard (3 lbs. @ $2 per tb.) Actual direct materials used (10) Actual finished units produced Actual cost of direct materials used $ 6 per finished unit 280,000 lbs. 72,000 units $475,000 AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price Compute the direct materials price and quantity variances and classify each as favorable, unfavorable or no variance. Standard Cost Actual Cost 0 0 $ 0 $ 0 0 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 58,000 $ 15 $ 14 59,900 AH = Actual Hours SH - Standard Hours AR = Actual Rate SR - Standard Rote Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance Actual Cost Standard Cost $ 0 $ o 0