Use the following information for the Problems below. (Algo) [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 Costs Direct materials Direct labor PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income $ 3,213,000 979,200 214,200 45,900 300,000 204,000 229,500 255,000 625,550 199,000 $ 160,650 Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,300 units. 2 of 2 Sales (18,300 units) $ 3,888,750 Costs Direct materials Direct labor Sales staff commissions $ 1,185,840 263,520 45,750 Depreciation-Machinery 300,000 S Supervisory salaries 217,000 Shipping 266,265 Skipped Sales staff salaries (fixed annual amount) Administrative salaries 276,000 631,550 Depreciation-Office equipment 199,000 Income Book 503,825, Required: Print References Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting "Favorable "Unfavorable". Select "No variance" and enter "O" for zero variance.) PHOENIX COMPANY Flexible Budget Performance Report Flexible Actual Results For Year Ended December 31 Budget (18,300) units) Variances Favorable/Unfavorable (18,300 units) Variable costs Fixed costs < Prev 0 0 9 2 of 4 Next >