Chapter 8 question 2Bay city company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses

30k 1m lint Check my w: l Sales (in units) 6,896 ' 4,966 55165 (in dollars) $439, 995 s 436, 186 $43,999 U Total expenses 446, 666 468, 666 32. 666 F Income from operations 5 46,666 $ 28, 166 $11, 966 U Prepare a exible budget performance report that shows any variances between budgeted results and actual results. List xed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your nal answers to whole dollars.)