Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below.J Brodrick Company expects to produce 20,900 units for the year ending December 31 A flexible budget for 20,900 units of production reflects sales of $459,800; variable costs of $62,700; and fixed costs of $143,000. QS 23-4 Flexible budget performance report LO P1 Assume that actual sales for the year are $551,200 (27,100 units), actual variable costs for the year are $113,400, and actual fixed costs for the year are $137,000 Prepare a flexible budget performance report for the year. Answer is complete but not entirely correct. BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Actual Results Favorable/ Unfavorable Variances Budget $ 459,800 S 551,200 91,400Favorable 13,400 50,700Unfavorable Sales Variable expenses 62,700 Contribution margin 397,100 437,800 40,700 Favorable 13000 137,0006,000Favorable 300,800 S46,700 Favorable Fixed expenses Income from operations 254,100