Carlson Enterprises manufactures tires for the Formula I motor racing circuit. For August 2020, it budgeted to manufacture and sell 2,700 tires at a variable cost of $77 per tire and total fixed costs of $52,000. The budgeted selling price was $107 per tire. Actual results in August 2020 were 2,500 tires manufactured and sold at a selling price of $108 per tire. The actual total variable costs were $207,500, and the actual total fixed costs were $49,500. Read the Requirement 1. Prepare a performance report with a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Read the equirements. 1. Prepare a performance report with a flexible budget and a static budget. 2. Comment on the results in requirement 1