Anderson 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 $79 per tire and total fixed costs of $52,500 The budgeted selling price was $112 per tre. Actual results in August 2017 were 2.900 tires manufactured and sold at a selling price of $113 per tire. The actual total variable costs were $240,400, and the actual total fed costs were $50,000 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 balance, make sure to enter "o" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budget Variances Budget Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Requirement 2. Comment on the results in requirement 1. There is ain) total flexble-budget The total static-budget variance in operating income is $ variance and ain) sales-volume variance. The sales-volume variance arises solely because actual units manufactured and sold were than the budgeted 3.300 units. The flexible-budget variance in operating income is due primarily to the in una variable costs