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 21,600 units for the year ending December 31. A flexible budget for 21,600 units of production reflects sales of $583,200; variable costs of $64,800; and fixed costs of $144,000. QS 23-3 Flexible budget LO P1 If the company instead expects to produce and sell 26,600 units for the year, calculate the expected level of income from operations. -----Flexible Budget at ------Flexible Budget------ Variable Total Fixed Amount per Cost Unit 21,600 units 26,600 units Sales Variable cost 64,800 (64,800) $ Contribution margin $ 0.00 0 Fixed costs Income from operations $ (64,800) $ 0 QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $668,200 (26,600 units), actual variable costs for the year are $113,500, and actual fixed costs for the year are $138,000. 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 Favorablel Unfavorable Unfavorable Unfavorable Sales Variable expenses Contribution margin 0 0 Unfavorable Fixed expenses Favorable Income from operations $ 0 $ 0 Unfavorable