Please follow the format and show method

23-4 Bay City Company's fixed budget performance report for July follows. The $647,500 budgeted total expenses include $487,500 variable expenses and $160,000 fixed expenses. Actual expenses include $158,000 fixed expenses. Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. The Yellow highlights you need to calculate to answer the exercise Fixed Budget 7,500 $750,000 Actual Resuts Variance (fav 7,200 $737,000 ales (Units) ales (Dollars Total Ex ariable Cost $13,000 ixed Cost Total Expenses ncome from $487,500 $160,000 $647,500 $102,500 i must input $158,000 $641,000 $96,000 $6,500 $6,500 ations Green hi ts Flex BudgActual Results Variance (fav ales (Units ales ariable Cost ontribution margin ixed Cost ncome from ations