! Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Brodrick Company expects to produce 21,900 units for the year ending December 31. A flexible budget for 21,900 units of production reflects sales of $459,900; variable costs of $65,700; and fixed costs of $144,000. QS 23-3 Flexible budget LO P1 If the company instead expects to produce and sell 27,100 units for the year, calculate the expected level of income from operations. Answer is complete and correct. ------Flexible Budget at ------Flexible Budget----- Variable Total Fixed Amount Cost 21,900 units 27,100 units per Unit Sales $ 21.00 $ 3.00 $ 18.00 $ Variable cost Contribution margin Fixed costs Income from operations 459,900 65,700 394,200 144,000 250,200 $ 569,100 81,300 $ 487,800 144,000 $ 343,800 $ 144,000 $ QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $525,100 (27,100 units), actual variable costs for the year are $113,800, and actual fixed costs for the year are $136,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Contribution margin 0 0 $ 0 $ 0