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 Variances Sales (in units) 8,400 10,800 Sales (in dollars) Total expenses $840,000 $1,080,000 $240,000 F 756,000126,000 U 630,000 Income from operations $210,000$ 324,000 $114,000 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as a positive valu Indicate the effect of each variance by selecting "F for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). not round your intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$" sign in your response.) Leave no cells blank-be certain to enter "0" wherever required. Do CIMARRON COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible Budget Actual Results Variances 1080000 $1080000 $ Sales Variable expenses Contribution margin 0 None Fixed expenses 12000 U Income from operationse $ 324000 $ $