Phoenix Company reports the following actual results. Actual sales were 18,400 units. Sales (18,400 units) $...

 

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Phoenix Company reports the following actual results. Actual sales were 18,400 units. Sales (18,400 units) $ 3,910,000 Costs $ 1,210,720 283,360 64,400 300,000 207,000 286, 120 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income 272,000 601,300 191,000 494, 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.) Phoenix Company reports the following actual results. Actual sales were 18,400 units. Sales (18,400 units) $ 3,910,000 Costs $ 1,210,720 283,360 64,400 300,000 207,000 286, 120 Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-Office equipment Income 272,000 601,300 191,000 494, 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.)

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