Brabham enterprises manufactures for the formula 1 motor racing circuit. For august 2014, it budgeted to manufacture and sell 3,000 tires at a variable cost $74 per and total fixed costs of $54,000 budgeted selling price was $110 per tire. Actual results in august 2014 were 2,800 tires manufactured and at a selling price of $112 per tire. The actual total variable were $229,600, and the actual total costs were $50,000. Prepare a performance report that uses a flexible budget and a budget. Comment on the results in requirement 1. Prepare a performance report that uses a flexible budget and a static budget. Begin with the actual results, then the flexible budget columns and the static budget columns. Label each variance at favorable or unfavorable. (For with a $0 balance, make sure to appropriate field, if the variance is zero, do not select a label.) Enter any number in the edit fields and then click check