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 21,800 units of production shows sales of $479,600; variable costs of $65,400; and fixed costs of $143,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,400 units, calculate the flexible budget income. Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,800 units of production shows sales of $479,600; variable costs of $65,400; and fixed costs of $143,000. QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 27,400 units at $562,800. Actual variable costs were $113,900 and actual fixed costs were $136,000. 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.)