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Required Information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Phoenix Company reports the following

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Required Information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Phoenix Company reports the following fixed budget. it is based on an expected production and sales volume of 15.100 units Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual resuits. Actual sales were 18.100 units Prepare a flexble budget performance report for the year (indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter " 0 " for zero variance.) Requlred: Prepare a flexible budget performance report for the yeat (Indicate the effect of eoch varlance oy celecting "Favorable" or "Unfovorable". Select "No varlance" and enter "O" for zero variance.)

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