Question: prepare a flexible budget performance report for the year. Required information [The following information applies to the questions displayed below.] Phoenix Company reports the following

prepare a flexible budget performance report for the year.

the following fixed budget. It is based on an expected production and

Required information [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 15,100 units. Phoenix Company reports the following actual results. Actual sales were 18,100 units. Required: Prepare a fiexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance. Floxible Budget Performance Roport

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