[The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,300 units. Sales PHOENIX COMPANY Fixed Budget For Year Ended December 31 Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income $ 3,060,000 979,200 244,800 76,500 300,000 196,000 229,500 250,000 434,000 197,000 $ 153,000 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) Costs Direct materials Direct labor $ 3,705,750 $ 1,185,840 300, 120 82,350 Sales staff commissions Depreciation-Machinery 300,000 Supervisory salaries 210,000 Shipping 266,265 Sales staff salaries (fixed annual amount) Administrative salaries 271,000 440,000 Depreciation-Office equipment 197,000 Income 453,175 Required: Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance.) zero variance.) For Year Ended December 31 PHOENIX COMPANY Flexible Budget Performance Report Flexible Budget (18,300 Variable costs Fixed costs units) selecting "Favora Actual Results Variances Favorable/Unfavorable (18,300 units)