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Bay City Company's fixed budget performance report for July follows. The $367000 budgeted total expenses include $280.000 variable expenses and $87.000 fwed expenses. Actual expenses include 577000 fred expenses. Fred Budget Valances Sales (in units) Sale (in dollars) Total expenses RE RESULT 2.900 SO 3400, cea 3672 $ 33.00 152, u 210 11 Prepare a lexible budget performance report that shows any variances between budgeted results and actual results. Ust fred und variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your Intermed ate calculations. Round your final answers to whole dollars.) BY CITY COMPANY Elenible Budget Portermarw eport For Menth Ende July Fleuble busque AAAAAAAARE