Garbera Entorprises manufactures fires for the Formula I motor racing circuit. For August 2020 , it budgeted to manufacture and sell 3,600 ires at a variable cost of $71 per tire and bot fued costs of $56,500. The budgeted selling price was $109 per tire. Actuat results in August 2020 were 3,400 tives manufactured and sold at a selfing price of $110 per tire. The actio lotal vanable costs were $265,200, and the actual iotal fxod costs were $54,000. Ricad the reavitements. Requirement 1. Prepare a perfomsance report with a Newole budget and a stase budgot Bega with the actual resuls, then complete the fencle budget columns and the stabc budget columns. Label each vanance as favorable or unfavorable (For variances with a so tolenco, mate ture to enter " 0 " hi the approperiate feld if the variance is zero, do not select a labed) Requirements 1. Prepare a performence report whth a fexoble budget and a statio budget 2. Commert on the resuls in requirement 1