Bay City Companys fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses.

	Fixed Budget			Actual Results			Variances
Sales (in units)		8,100			7,000
Sales (in dollars)	$	648,000		$	623,000		$	25,000	U
Total expenses		594,000			556,000			38,000	F
Income from operations	$	54,000		$	67,000		$	13,000	U

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.)