Required: 1. Prepare a flexible budget performance report for 2019. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Phoenix Company's actual income statement for 2019 follows. Required: 1. Prepare a flexible budget performance report for 2019. (Indicate the effect of each variance by selecting for favora unfavorable, and No variance.) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 17,000 units. Phoenix Company's actual income statement for 2019 follows