Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,000 units of production shows sales of $504,000; variable costs of $63,000; and fixed costs of $140,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,200 units at $607,800. Actual variable costs were $113,300 and actual fixed costs were $130,000. 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.)