Connolly Enterpises manutactures tires for the Formula I motos racing circuit. For August 2020 , it budgeted to manufacture and sel 3,200 tires at a variable cost of $72 per tire and total fixed costs of 555,000 . The budgeted seling price was 5109 per tire. Actual results in August 2020 were 2,900 tires manufactured and sold at a selling price of $110 per tire The actual total varitable costs were $229,100, and the actual total fixed costs were $51,000 Road the gequitements: Requirement 1. Prepare a performance report with a flexible budget and a static budgot. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. (For vatiances with a 50 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label) Requirement 2. Comment on the results in requirement 1 . The total static-budget variance in operating income is There is a(n) total flexible-budget variance and a(n) sales-volume variance. The sales-volume variance arises solely because actual units manufactured and sold were than the budgeted 3,200 units. The flexible-budget variance in operating income is due primarily to the in unit variable costs