Garbera Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2014, it budgeted to manufacture and sell 3, 200 tires at a variable cost of $76 per tire and total fixed costs of $55,000. The budgeted selling price was $109 per tire. Actual results in August 2014 were 2, 900 tires manufactured and sold at a selling price of $111 per tire. The actual total variable costs were $246, 500, and the actual total fixed costs were $50, 500. Prepare a performance report that uses a flexible budget and a static budget Comment on the results in requirement 1. Prepare a performance report that uses a flexible budget and a static budget. 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)