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[The following information applies to the questions displayed below.] Brodrick Company expects to produce 21,800 units for the year ending December 31. A flexible budget for 21,800 units of production reflects sales of $479,600; variable costs of $65,400; and fixed costs of $142,000.

QS 21-4 Flexible budget performance report LO P1

Assume that actual sales for the year are $554,600 (27,300 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $135,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)