The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley Company is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget Static Budget Sales volume (in units) 50,000 Sales revenues Variable costs $1,000,000 780,000 11 6969 Contribution margin 220,000 69 Fixed costs 158,000 Operating profit $ 62,000 SS $ 60,000 $1,200,000 900,000 300,000 180,000 $ 120,000 The flexible budget will report_ for fixed costs. O $900,000 O $600,000 O $180,000 O $150,000 O $160,000