of 557,000 . The budgeted seling price was $111 per tre. Actual results in August 2020 were 2,700 tires manufbectured and sold at a seling price of 5113 per lire. The actual total variable cont weri $218,700, and the actual lotai fixed costs were $53,500. Read the metuitemeris Roquirement 1. Prepare a performance report with a flexible budget and a static budget. to erser "or" in the appropriate field. If the variance is rero, do not select a lWbel) Requirement 2. Comment on the reests in requirement 1. The lotis stalcetrudget varance hoperating inciome is There is a(n) total ferible-budget variance and aim) saloc-volume voliance. The sales-volume varance arises solely beckuse actual units maniutictured and sold wern than the budgeted 3,000 units. The fexblebudget variance in aperating income is due primariy so eie in unit varatile costs. 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 unfavort to enter "o" in the appropriate field. If the variance is zero, do not select a label.) Requirements Units sold Revenues 1. Prepare a performance report with a flexible budget and a static budget. Variable costs 2. Comment on the results in requirement 1. Contribution margin Fixed costs Operating income Requirement 2. Comm The total statio-budget valianceraropeidaing inicoments variance and a(n) sales-volume variance. The sales-volume variance arises solely because actuaf units manulactured and sold were than the budgeted 3,000 units. The flexible-budget variance in operating income is due in unit variable costs