Garbera Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,200 tires at a variable cost of $73 per tire and total fixed costs of $56,000. The budgeted selling price was $109 per tire. Actual results in August 2017 were 3,100 tires manufactured and sold at a selling price of $110 per tire. The actual total variable costs were $248,000, and the actual total fixed costs were $52,000. Read the requirements. 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 "O" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible Sales-Volume Static Flexible-Budget Variances Results Budget Variances Budget Requirements Units sold 3200 Revenues Variable costs 1. Prepare a performance report that uses flexible budget and a static budget. 2. Comment on the results in requirement 1. Contribution margin Fixed costs Print Done Operating income 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