Carlson Enterprises manufactures tires for the Formula I motor racing circuit. For August 2018, it budgeted to manufacture and sell 2,800 tires at a variable cost of $76 per tire and total fixed costs of $54,000 The budgeted selling price was $114 per tire. Actual results in August 2018 were 2.500 tires manufactured and sold at seling price of S118 per tire. The actual total variable costs were $210,000, and the actual total fixed costs were $49,000 Required 1. Prepare a performance report that uses a flexible budget and a static budget 2. Comment on the results in requirement 1. Requirement 1. Prepare a performance report that uses a flexible budget and a static budget Begin with the actual results, and then complete the floxible budget columns and the static budget columns Label och variance as favourable or unfavourable (For variances with a so balanco, make sure to enter "o" in the appropriate field. If the variance is zoro, do not select a label Use parentheses or a minus sign when entoring an operating loss.) Actual Flexible-Budget Flexible Sales-Volume Results Variances Budget Variances Budget Static Units sold Revenues Variable costs Contribution margin 2. Comment on the results in requirement 1. Results Variances Budget Variances Budget Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Requirement 2. Comment on the results in requirement 1. Theunin Requirement 2. Comment on the results in requirement 1 The total static budget variance in operating Income is SL There is total flexible-budget variance and sales-volume variance. The sales-volume varianco artes sololy because actual units manufactured and sold were than the budgeted units. The flotile budget variance in operating income is due primarily to the in unit variable costs