Cimarron Company's fixed budget performance report for July follows. The $630,000 budgeted expenses include $592,200 variable expenses and $37,800 fixed expenses. Actual expenses include $49,800 fixed expenses. Fixed Budget Actual Results 8,400 10,800 Variances Sales (in units) Sales (in dollars) Total expenses $840,000 630,000 $1,080,000 756,000 $240,000 F 126,000 U Income from operations $210,000 $ 324,000 $114,000 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Do not round your intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$" sign in your response.) CIMARRON COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible Budget Actual Results Variances $ 1080000 $ 1080000 $ 761400 None Sales Variable expenses Contribution margin Fixed expenses 12000 U Income from operations $ 324000 $ F