At the start of 2021, the Pearl City Fine Food Company budgeted before-tax income as follows: $660,000 Sales Less: Material cost Labor cost Owner's salary $120,000 264,000 78,000 66,000 54,000 26,400 Rent Depreciation Utilities 608,400 $51,600 Income before taxes Actual before tax income for 2021 was: Sales $792,000 Less: Material cost Labor cost Owner's salary $156,000 342,000 78,900 66,000 54,240 25,200 Rent Depreciation Utilities 722,340 $69,660 Income before taxes Michelle Walker, the owner of the company, is pleased that sales were much higher than planned, but she also is concerned that expenses were $113,940 higher than the amounts she budgeted. Prepare a performance report that will help her focus on areas needing attention. Assume that material and labor are variable costs and the remaining costs are fixed. (Round intermediate calculations to 6 decimal places, e.g. 0.176501 and final answers to O decimal places, e.g. 45. List variable costs before fixed costs. Enter unfavorable variances using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Flexible Budget Actual Difference $ $ $ $ $ $ $ Total cost Total variable costs Total fixed costs Owner's salary Variable costs Material Fixed costs Depreciation Utilities Sales Labor Rent