Brabham Enterprises manufactures tires for the Formula I motor racing circuit. For August 2020 , it budgoted to manufacture and sell 3,000 tires at a variable cost of $73 per tire and total fixed costs of $57,000. The budgeted selling price was $111 per tire. Actual results in Aupust 2020 were 2,700 sires manufactured and sold at a solfing price of $113 per tire. The actual total variable costs were $218,700, and the actual total fixed costs wore $53,500. Read the tequirements. Requirement 1, Prepare a performance report with a flexibie budget and a static budget. Begin with the actual results, then complete the fexblo budget columns and the statio budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter " O " in the appropriate field. If the variance is zero, do not select a label.) Requintinent 2 . Comment on the results in requirement 1. The toial state-budoet variance in operathe income is There is a(n) botal fexble-budget variance and a(n) sales volume variance. The sales-volume variance arises soleby because actual units manufactured and sold were than the budpoted 3,000 unis. The fexitlo-budget variance in operating income is due permanly to the in unit variable costs