Required Information Use the following Information for the Quick Study below. The following information applies to the questions displayed below) Brodnick Company expects to produce 21,800 units for the year ending December 31 A flexible budget for 21,800 units of production reflects sales of $566,800, variable costs of 566,400; and fixed costs of 5142,000 QS 21-4 Flexible budget performance report LO P1 Assume that actual sales for the year are 5663,200 (27.200 units), actual variable costs for the year are $113,500, and actual fixed costs for the year are $135,000 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 21,000 5 27.200 Variable expenses Contribution margin ed expenses 21 800 27.200 21 800 $ 27,200