Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,400 units of production shows sales of $530,400; variable costs of $61,200; and fixed costs of $144,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,600 units at $645,600. Actual variable costs were $114,0 and actual fixed costs were $138,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Favorable/ Flexible Budget Actual Results Variances Unfavorable Sales Variable costs Contribution margin 0 Fixed costs Income $ 0 $ 0