# 7( two pictures) I need help with the whole problem with the Explanation and Solution Please and Thank you.

Chapter 21 HW, Part 1-Flexible Budgets i Saved Help Save & Exit Submit Check my work Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. points Variances eBook Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,000 $640,000 587,000 $ 53,000 Actual Results 6,900 $614,100 553,000 $ 61,100 Hint $25,900 V 34,000 F $ 8,100U Print References Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav./Unf. Chapter 21 HW, Part 1-Flexible Budgets & Help Save & Exit Submit Check my work Sales (in dollars) Total expenses Income from operations $640,000 587,000 $ 53,000 $614,100 553,000 $ 61,100 $25,900 U 34,000 F $ 8,100U points Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) eBook Hint Print References BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav./Unf