Required information

Use the following information for the Quick Study below. (Algo)

The fixed budget for 20,300 units of production shows sales of $487,200; variable costs of $60,900; and fixed costs of $142,000.

QS 21-4 (Algo) Flexible budget performance report LO P1

The companys actual sales were 27,300 units at $609,200. Actual variable costs were $113,300 and actual fixed costs were $134,000. 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.)