Required information [The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $477,400; variable costs of $65,100; and fixed costs of $140,000. If the company actually produces and sells 27,800 units, calculate the flexible budget income. Required information [The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $477,400; variable costs of $65,100; and fixed costs of $140,000. The company's actual sales were 27,800 units at $562,600. Actual variable costs were $113,100 and actual fixed costs were $132,000. 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.)