The City Symphony Orchestra presents a series of concerts throughout the year. Budgeted fixed costs total $300,500 for the concert season, variable costs are expected to average $5.50 per patron. The orchestra uses flexible budgeting. Required: A. Prepare a flexible budget that shows the expected costs of 8,100, 8,600, and 9,100 patrons. B. Construct the orchestra's flexible budget formula. C. Assume that 8,500 patrons attended concerts during the year just ended, and actual costs were: variable, $41,000; fixed, $308,500. Evaluate the orchestra's financial performance by computing varlances for variable costs and fixed costs. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a flexible budget that shows the expected costs of 8,100, 8,600, and 9,100 patrons. Patrons 8,100 9,100 8,600 Variable costs Fixed costs Total S 0 S S Required A Required B Required Construct the orchestra's flexible budget formula. (Round "per patron" answer to 2 decimal places.) Total budgeted cost = (number of patrons Required A Required B Required Assume that 8,500 patrons attended concerts during the year just ended, and actual costs were: variable, $41,000; fixed, $308,500. 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 "0" for no effect (i.e., zero variance).) Show less Budget Actual Variance Variable cost Fixed cost Total cost 0 S 0