Bay City Company's 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.

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.$)$

Answer is complete but not entirely correct.

BAY CITY COMPANY