J-W Enterprises manufactures tires for the Formula I motor racing circuit. For August, the company budgeted to manufacture and sell 3,000 tires at a variable cost of $74 per tire and total fixed costs of $54,000. The budgeted selling price was $110 per tire. Actual results in August were 2,800 tires manufactured and sold at a selling price of $112 per tire. The actual total variable costs were $229,600, and actual total fixed costs were $50,000. Prepare a performance report for August.