[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.

PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales	$ 3,213,000
Costs
Direct materials	979,200
Direct labor	229,500
Sales staff commissions	45,900
DepreciationMachinery	305,000
Supervisory salaries	198,000
Shipping	229,500
Sales staff salaries (fixed annual amount)	254,000
Administrative salaries	615,250
DepreciationOffice equipment	196,000
Income	$ 160,650

rev: 10_23_2021_QC_CS-283191

Phoenix Company reports the following actual results. Actual sales were 18,300 units.

Sales (18,300 units)	$ 3,888,750
Costs
Direct materials	$ 1,185,840
Direct labor	281,820
Sales staff commissions	45,750
DepreciationMachinery	305,000
Supervisory salaries	211,000
Shipping	266,265
Sales staff salaries (fixed annual amount)	273,000
Administrative salaries	621,250
DepreciationOffice equipment	196,000
Income	502,825

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 "0" for zero variance.)

PHOENIX COMPANY
Flexible Budget Performance Report
For Year Ended December 31	Flexible Budget (18,300 units)	Actual Results (18,300 units)	Variances	Favorable/Unfavorable
Variable costs
	0	0
Fixed costs
	0	0