[The following information applies to the questions displayed below. The fixed budget for 21,600 units of production shows sales of $496,800; variable costs of $64,800; and fixed costs: of $141,000 The company's actual sales were 26,100 units at $559,300. Actual variable costs were $113,900 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.) Rory Company has an old machine with a book value of $75,000 and a remaining five-year useful life. Rory is considering purchasing a new machine at a price of $104,000. Rory can sell its old machine now for $74,000, The old machine has variable manufacturing costs of $31,000 per yeac. The new machine will reduce variable manufacturing costs by $12,400 per year over its five-year useful life. (a) Prepare a keep or replace analysis of income effects for the machines. (b) Should the old machine be replaced? Complete this question by entering your answers in the tabs below. Prepare a keep or replace analysis of income effects for the machines