HELP

Required information 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 I units $ 3,213,000 PHOENIX COMPANY Fixed Budget por Year Ended December 31 Sales Costs Direct materials Direct labor Sales staff commissions Depreciation-Machinery Supervisory salaries Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation-office equipment Income 1,009,000 214,200 61,200 295.000 195,000 229,500 248,000 604,650 195,000 $ 160,650 Problem 23-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) $ 3,888,750 costs Direct materials $1,222, 440 Direct labor 263, 520 Sales staff commissions 64,050 Depreciation Machinery 295,000 Supervisory salaries 210,000 Shipping 266,265 Sales statt salaries (fixed annual amount) 265,000 Administrative salaries 612,650 Depreciation office equipment 195,000 Income 494,825 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 "O" for zero variance.) 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 "O" for zero variance.) PHOENIX COMPANY Flexible Budget Performance Report Flexible Actual Results Budget (18,300 units) (18,300 units) For Year Ended December 31 Variances Favorable/Unfavorable Variable costs 0 0 Fixed costs 0 0