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 20,900 units of production shows sales of $418,000; variable costs of $62,700; and fixed costs of $143,000. QS 8-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,700 units at $507,000. Actual variable costs were $113,600 and actual fixed costs were $134,000. 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.)