how do you get the flexible budget variances ? could show me each step

uava PM 3 Homework: Cha... Question 1, E7-21 (simil... Part 2 of 4 HW Score: 2.179.0.26 of 12 points Points: 0.26 of 2 Save Anderson Enterprises manufactures tires for the Formulai motor racing circuit For August 2020, it budgeted to manufacture and sell 3.500 tires at a variable cont of $72 por tire and total fixed costs of $54,000. The budgeted selling price was $107 per tire. Actual results in August 2020 were 3.200 tires manufactured and sold at a selling price of $100 per tire. The actual total variable costs were $262.000, and the actual total fixed costs were $50,500 Read the requirements a Requirement 1. Prepare a performance report with 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 50 balance, make sure to enter in the appropriate field. If the variance is zero, do not select a tabel) ncorrect Actual Results 3,200 Flexible-Budget Variances Flexible Budget 2) Units sold Revenues 5 348 800 252,800 Variable costs Contribution margin Fixed costs Operating income 96.000 50.500 45.500 Clear all Check answer Etext pages Get more help Help me solve this ual results, the o balance, ma - e or unfavorable Requirements Act Resu 1. Prepare a performance report with a flexible budget and a static budget. 2. Comment on the results in requirement 1. $ 34 25 bin 9 Print Done 5 4