The company's actual sales were 27,800 units at $542,800. Actual variable costs were $113,100 and actual fixed costs were $136,000.

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.)

Required information [The following information applies to the questions displayed below.] The fixed budget for 21,900 units of production shows sales of $459,900; variable costs of $65,700; and fixed costs of $142,000. The company's actual sales were 27,800 units at $542,800. Actual variable costs were $113,100 and actual fixed costs were $136,000. 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.)