Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,000 units of production shows sales of $441,000; variable costs of $63,000; and fixed costs of $141,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,900 units at $544,900. Actual variable costs were $113,100 and actual fixed costs were $138,000. 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.) Sales Variable costs Contribution margin i Fixed costs Income Answer is not complete. Flexible Budget Performance Report Flexible Budget Actual Results Favorable/ Variances Unfavorable Unfavorable 0 Unfavorable Unfavorable: Favorable Unfavorable 0 0 141,000 $ (141,000)