Use the following information for the Problems below. (Algo)

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[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 15,400 units.

PHOENIX COMPANY
Fixed Budget
For Year Ended December 31
Sales	$ 3,234,000
Costs
Direct materials	1,016,400
Direct labor	231,000
Sales staff commissions	46,200
DepreciationMachinery	305,000
Supervisory salaries	200,000
Shipping	246,400
Sales staff salaries (fixed annual amount)	254,000
Administrative salaries	576,300
DepreciationOffice equipment	197,000
Income	$ 161,700

Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1

Phoenix Company reports the following actual results. Actual sales were 18,400 units.

Sales (18,400 units)	$ 3,910,000
Costs
Direct materials	$ 1,229,120
Direct labor	283,360
Sales staff commissions	46,000
DepreciationMachinery	305,000
Supervisory salaries	211,000
Shipping	286,120
Sales staff salaries (fixed annual amount)	271,000
Administrative salaries	584,300
DepreciationOffice equipment	197,000
Income	497,100

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.)