ay work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question ! Required Information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below) The fixed budget for 20700 units of production shows sales of $434,700; variable costs or $62,100; and fixed costs of $144,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,800 units at $536,800. Actual variable costs were $113,200 and actual fixed costs were $137.000. 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.) Answer is not complete. Flexible Budget Performance Report Return to questio 3 Required information t2 of 2 Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.) es Sales Variable costs Contribution margin Fixed costs Income Answer is not complete. Flexiblo Budget Performance Report Flexible Actual Budget Results Variances $ 434,700 $ 536,800 62,100 113,200 372,600 423,600 144,000 137,000 7.000 $ 228,600 286,600 Favorable Unfavorable Unfavorable Unfavorable No variance Favorable Unfavorable