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Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,500 units

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Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,500 units of production shows sales of $451,500; variable costs of $64,500; and fixed costs of $140.000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,100 units at $502,100. Actual variable costs were $113,100 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.)

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