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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 $$610,400$; variable costs of $$65,400$; and fixed costs of $$141,000.$

QS $21-4($Algo$)$ Flexible budget performance report LO P$1$

The company's actual sales were $26,300$ units at $$694,400.$ Actual variable costs were $$113,700$ and actual fixed costs were $$137,000.$

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.$)$

$\backslash$table$[[$Flexible Budget Performance Report$],[,$Flexible Budget,Actual Results,Variances,$\backslash$table$[[$Favorablel$],[$Unfavorable$]]],[,,,,],[,-,,,],[$Contribution margin$],[,,,,],[,,-,,]]$