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Anderson Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 2,900 tires at a variable cos total fixed costs of $57,000. The budgeted selling price was $112 per tire. Actual results in August 2017 were 2,700 tires manufactured and sold at a selling price actual total variable costs were $224, 100, and the actual total fixed costs were $53,500. Read the requirements. Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Requirement 2. Comment on the results in requirement 1. The total static-budget variance in operating income is $ There is a(n) total flexible-budget variance and a(n) sales-volume variance. The sales-volume variance arises solely because actual units manufactured and sold were than the budgeted 2,900 units. The flexible-budget variance in operating income is due primarily to the in unit variable costs. 83.F Partly sunny ~ 9 d' 99+ delate C backspace um D E R U O nome D F G H K enter pause B N M T shift Ctrients equirements X Requirements 1. Prepare a performance report that uses a flexible budget and a static budget. 2. Comment on the results in requirement 1. Print Done a(n) sales-volume variance. The sales-volume variance arises solely because actual un d and sold were than the budgeted 2,900 units. The flexible-budget variance in operating income is in unit variable costs. hp T Y U O PAnderson Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 2,900 tires at a variable cost of $77 per tire total fixed costs of $57,000. The budgeted selling price was $112 per tire. Actual results in August 2017 were 2,700 tires manufactured and sold at a selling price of $113 per tire. actual total variable costs were $224,100, and the actual total fixed costs were $53,500 Read the requirements. Requirement 1. Prepare a performance report that uses 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 unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budget Variances Budget Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Next 83.F Partly sunny ~ 9 d' 10:21 AM 7/29/2022 99+ up prese telete backspace O P R home enter F G H K pause I shift B M end ctri