Required information [The following information applies to the questions displayed below] The fixed budget for 20,000 units of production shows sales of $400,000 variable costs of $80,000, and fixed costs of $150,000 The company's actual sales were 26,000 units at $480,000 Actual variable costs were $112.000 and actual fixed costs were $145,000 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.)

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