Use the following information for the Quick Study below. The following information applies to the questions displayed below) Brodrick Company expects to produce 20,300 units for the year ending December 31 A flexible budget for 20,300 units of production reflects sales of $507,500 variable costs of $60,900, and fixed costs of $141,000 QS 23-3 Flexible budget LO P1 If the company instead expects to produce and sell 27.500 units for the year calculate the expected level of income from operations. Flexible Budget Flexible Budget at Variable Amount Total Fixed Cost per Unit 27.500 units 20,300 units 000 000 Sales Variable cost Contribution margin Flood costs Income from operations S 0.00 $ 05 5 141.000 141 000 141.000 5 (141.000) (141.000) Assume that actual sales for the year are $637,500 (27,500 units), actual variable costs for the year are $113,600, and actual fixed costs for the year are $134.000 Prepare a flexible budget performance report for the year (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 11 Flexible Budget Actual Results Variances Favorable Unfavorable 20,300 20.300 Sales Variable expenses Contribution margin Forced expenses income from operations 637.500 5 113 600 523 900 141.000 382.900 5 0 $ 0