Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budre- Variances Budget Units sold Revenues Variable costs Contribution margin Fixed costs Operating income S Requirement 2. Comment on the results in requirement 1. The total static-budget variance in operating income is $ variance and a(n) manufactured and sold were EA There is a(n) F U total flexible-budget sales-volume variance. The sales-volume variance arises solely because actual units than the budgeted 3,700 units. The flexible-budget variance in operating income is due in unit variable This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. Carlson Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,300 tires at a variable cost of $76 per tire and total fixed costs of $52,500. The budgeted selling price was $108 per tire. Actual results in August 2017 were 3,000 tires manufactured and sold at a selling price of $109 per tire. The actual total variable costs were $249,000, and the actual total fixed costs were $49,500. Read the requirements. 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 budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.)