Melion Enterprises manufactures tres for the Formula I motor racing circuit. For August 2020 , it budgeled so manufacture and seel 3,400 tires at a variable cost of $77 per sre and total fored costs of $53,500. The budgeted seling price was $114 per sen. Actual rosults in Augunt 2020 were 3,200 tires manufactured and sold at a soling price of $116 per bre, The actual iotal variable costs were $265,600, and the actual fotai foxed costs were $49,000. Read the requirements. Requirement 1. Prepare a performance report whth a fexible budget and a stasic budget. to enter " O " in the appropriate feld, if the variance is zero, do not select a label.) Requirements 1. Prepare a performance report with a flexbilo budget and a static budget 2. Comment on the resuls in requirement 1. Requirement 2 Comment an the results in requirement 1. The lotal stato budget varance in operating income is There a e n ) fotal floxble-budget variance and a(n) sales volume variance, The sales volume variance arises solely because achual units manulactured and sold were than the tudgeted 3.400 unts The fexoble-budget variance in cperating income a due primarily to the in un variable costs