Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Brodrick Company expects to produce 20,500 units for the year ending December 31. A flexible budget for 20,500 units of production reflects sales of $512,500; variable costs of $61,500; and fixed costs of $142,000. QS 23-3 Flexible budget LO P1 If the company instead expects to produce and sell 26,800 units for the year, calculate the expected level of income from operations. ------Flexible Budget at - ------Flexible Budget------ Variable Amount per Total Fixed Cost Unit 20,500 units 26,800 units Contribution margin S 0.00 S 0 $ 0 $ 0 $ 0 Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Brodrick Company expects to produce 20,500 units for the year ending December 31. A flexible budget for 20,500 units of production reflects sales of $512,500; variable costs of $61,500; and fixed costs of $142,000. QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $621,000 (26,800 units), actual variable costs for the year are $113,100, and actual fixed costs for the year are $132,000. Prepare a flexible budget performance report for the year. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable! Unfavorable Contribution margin 0 0 $ 0