Connolly Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,300 tires at a variable cost of $70 per tire and total fixed costs of $52.000. The budgeted selling price was $108 per tire. Actual results in August 2017 were 3,100 tires manufactured and sold at a selling price of $109 per tire. The actual total variable costs were $241,800, and the actual total fixed costs were $47,500. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label) Actual Results Flexible-Budget Variances Flexible Sales-Volume Budget Variances Static Budget 3,100 3,100 ou 3100 Units sold Revenues 337,900 $ 3,100 F $ 334,800 10800 U 345600 Variable costs 241,800 24,000 U 217,000 7400 F 224400 Contribution margin 96,100 21,700 U 117.800 3400 U 121200 47.500 4,500 F 52,000 52,000 Fixed costs $ 48.600 $ 17,200 $ 65,800 3400 69200 U Operating income ^ Check answer