The City Symphony Orchestra presents a series of concerts throughout the year. Budgeted fixed costs total $301,500 for the concert season; variable costs are expected to average $5.00 per patron. The orchestra uses flexible budgeting. Required: A. Prepare a flexible budget that shows the expected costs of 8,300, 8,800, and 9,300 patrons. B. Construct the orchestra's flexible budget formula. C. Assume that 8100 patrons attended concerts during the year just ended, and actual costs were: va Evaluate the orchestra's financial performance by computing variances for variable costs and f iable, $39,000; fixed, $312,500. Complete this question by entering your answers in the tabs below Required A Required BRdquired C Assume that 8,100 patrons attended concerts during the year just ended, and actual costs were: variable, $39,000; fixed, $312,500. Evaluate the orchestra's financial performance by computing variances for variable costs and fixed costs. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e.. zero variance).) Show lessA Variable cost 40.500fS 39,000s 1,500 Favorableo 11,000Unfavorable 9,500 Unfavorable Required B Fixed cost 301,500 312,500 Total cost 342,000 351,500 Prex21 of 26Next >