Question: prepare a flexible budget performance report for the year please explain each step so i can understand how you got to each answer Required Informetion

Required Informetion 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 15,000 units. Phoenix Company reports the following actual results. Actual saies were 18.000 units. Required: Prepare a fexible budget pecformance report for the year, Notei Indleate the effect of each variance by telecting "Favorabie" or "Unfavorable". Select "No varlance" and ent wo" for xero varlance. Phoenix Company reports the followng actual results. Actual sales wefe 18,000 units Required: Prepace a fiexible budget performanice report for the year, Note: Indicate the effect of each variance by selecting "Favorable" or "Unfaverable", select "No varlance" and enter "O" for zero varlance
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