The fixed budget for 20,600 units of production shows sales of $576,800; variable costs of $61,800; and fixed costs of $141,000. The company's actual sales were 26,300 units at $692,400. Actual variable costs were $113,100 and actual fixed costs were $134,000 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)
