need some corrections

Bay City Company's fixed budget performance report for July follows. The $110.000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 6,000 $ 480,000 440,000 $40.000 Actual Results 4,900 5441.000 409,000 $32,000 $39.000 U 31,800F 8,000 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) Answer is complete but not entirely correct. BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible Actual budget Variances -results 392 000 $ 436,100 S 44,100 245,000 279,000 34,000 Fav. Un Sales Favorable Unfavorable Variable expenses Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) Answer is complete but not entirely correct. BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible Actual Variances Fav/Unt budget results 392,000 S 436,100 $ 44,100 Favorable 245,000 279,000 34,000 Unfavorable 147,000 157.100 10,100 X Favorable 140,000 130.000 10,000 Favorable 7,000 $ 27,100 $ 20,100 Favorable Sales Variable expenses Contribution margin Fixed expenses Income from operations