Flexible budget. Brabham Enterprises manufactures tires for the Formula I motor racing circuit. For August $2020,$ it budgeted to manufacture and sell $3,000$ tires at a variable cost of $$73$ per tire and total fixed costs of $$57,000.$ The budgeted selling price was $$111$ per tire. Actual results in August $2020$ were $2,700$ tires manufactured and sold at a selling price of $$113$ per tire. The actual total variable costs were $$218,700,$ and the actual total fixed costs were $$53,500.1.$ Prepare a performance report $($akin to Exhibit $7-2,$ page $249)$ with a flexible budget and a static budget. $2.$ Comment on the results in requirement $1.$