2 please answer the entire question for a good rating!

Connolly Enterpnises manufactures tires for the Formula 1 motor racing circuit. For August 2017 , it budgeted to manufacture and sell 3,300 tires at a vanable. cost of 570 per tire and total fixed costs of $52,000. The budgeted selling price was $108 per tire Actual resuits in August 2017 were 3,100 tires manufactured. and sold at a seling price of $109 per tire. The actual total variable costs were $241,800, and the actual total fixed costs were $47,500 Requirement 1. Prepare a performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static oudget columns. Labet each variance as favorable or unfavorable (For variances with a $0 balance, make sure to enter " 0 in the approptate flela if the vaniance is zero. do not select a label) Requirements 1. Prepare a performance report that uses a flexible budget and a static budget. 2. Comment on the results in requirement 1