Carlson Enterprises manufactures tires for the Formula I motor racing circuit. For August 2018, it budgeted to manufacture and sell 3,600 tires at a variable cost of $70 per tire and total fixed costs of $52,500. The budgeted selling price was $114 per tire. Actual results in August 2018 were 3,100 tires manufactured and sold at a selling price of $115 per tire. The actual total variable costs were $244,900, and the actual total fixed costs were $50,000 Required 1. Prepare a performance report that uses a flexible budget and a static budget. 2. Comment on the results in requirement 1. Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budget Variances Budget Units sold Revenues Variable costs Contribution margin Fixed costs Choose from any list or enter any number in the input fields and then continue to the next question. Fixed costs Operating income Requirement 2. Comment on the results in requirement 1. The total static-budget variance in operating income is $ There is total flexible-budget variance and sales-volume variance. The sales volume variance arises solely because actual units manufactured and sold were in unit variable costs. than the budgeted units. The flexible-budget variance in operating income is due primarily to the Choose from any list or enter any number in the input fields and then continue to the next question. The total static-budget variance in operating income is $ There is total flexible-budget sales-volume variance. The sales-volume es solely because actual units manufact than the budgeted units. The flexible-budget variance in opel is due primarily to the in unit F Choose from any list or enter any number in the input fiel continue to the next question. U i to search O sales-volume variance. The sales-volume variance arises manufactured and sold we an the budgeted units. The flexible-budget variance in operating income is in unit variable costs a favourable oose from any list or enter any number in the input fields and then co an unfavourable > E O DI W 19 a favourable n the results in requirement 1. an unfavourable ice in operating income is $ There is sales-volume variance. The sales-volume variance arises solely bec than the budgeted units. The flexible-budget variance ir operating income is due primar Choose from any list or enter any number in the input fields and then continue to t DI Type here to search O W me 2. Comment on the results in requirement 1. decrease to There is iance and --budget variance in operating income is $ increase i and sold were sales-volume variance. The sales-volume variance arises solely because actu in unit variable costs eted units. The flexible-budget variance in operating income is due primarily to the any list or enter any number in the input fields and then continue to the next question Ne GU O O DI W PU ible budget and a static budget. book bcore less more score uirement 1. score come is $ There is total flexible-budget variance and sales-volume variance arises solely because actual units manufactured and sold were in unit variable costs. score ariance in operating income is due primarily to the score Next the input fields and then continue to the next question. 1:58 PM 2021-07-23 Hoy ENG NE