Prepare a flexible budget performance report for the year.

[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 15,200 units. Problem 21-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,200 units. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ PHOENIX COMPANY } \\ \hline \multicolumn{5}{|c|}{ Flexible Budget Performance Report } \\ \hline For Year Ended December 31 & \begin{tabular}{c} Flexible \\ Budget (18,200 \\ units) \end{tabular} & \begin{tabular}{r} Actual Results \\ (18,200 units ) \end{tabular} & Variances & Favorable or Unfavorable \\ \hline \multicolumn{5}{|l|}{ Sales } \\ \hline \multicolumn{5}{|l|}{ Variable costs } \\ \hline \multicolumn{5}{|l|}{ Direct materials } \\ \hline \multicolumn{5}{|l|}{ Direct labor } \\ \hline \multicolumn{5}{|l|}{ Sales staff commissions } \\ \hline \multicolumn{5}{|l|}{ Shipping } \\ \hline \multicolumn{5}{|l|}{7} \\ \hline & 0 & 0 & & 7 \\ \hline \multicolumn{5}{|l|}{5} \\ \hline \multicolumn{5}{|l|}{ Fixed costs } \\ \hline \multicolumn{5}{|l|}{ Depreciation-Machinery } \\ \hline \multicolumn{5}{|l|}{ Supervisory salaries } \\ \hline \multicolumn{5}{|l|}{ Sales staff salaries } \\ \hline \multicolumn{5}{|l|}{ Administrative salaries } \\ \hline \multicolumn{5}{|l|}{ Depreciation-Office equipment } \\ \hline F & 7 & 7 & & \\ \hline F & 0 & 0 & & 1 \\ \hlineF & 7 & 1 & & 7 \\ \hline \end{tabular}