Required information Use the following information for the Quick Study below. (Algo) The following information applles to the questlons displayed below.] The fixed budget for 20,500 units of production shows sales of $492,000 : varlable costs of $61,500; and fixed costs of $143,000 QS 21-4 (Algo) Flexible budget performance report LO P1 The company's actual sales were 26,800 units at $594,200. Actual variable costs were $113,200 and actual fixed costs were $131,000. Prepare a fexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfaverable, or no variance.)