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 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) manufactured and sold were primarily to the sales-volume variance. The sales-volume variance arises solely because actual units ] than the budgeted 3,200 units. The flexible-budget variance in operating income is due in unit variable 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 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) manufactured and sold were primarily to the sales-volume variance. The sales-volume variance arises solely because actual units ] than the budgeted 3,200 units. The flexible-budget variance in operating income is due in unit variable costs