Bay City Company's fixed budget performance report for Julyfollows. The $367,000 budgeted total expenses include $280,000 variable expenses and $87,000 fixed expenses. Actual expenses include $77,000 fixed expenses. Actual Variances Tixed Budget 5,000 $400,000 367.000 $ 33,000 Sales (in unita) Sales (in dollars) Total expenses Income from operations 109.50 3,900 $347,100 333,000 $ 14,100 $52,900 34.000 $18,9000 Back Print erences 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 varlance by selecting for favorable, unfavorable, and no variance. Do not round your Intermediate calculations. Round your final answers to whole dollars.) BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible hudget Actual results Variances Fav./Unt. Proy 1 of 4 H Next >