Andersonv Enterprises manufactures tires for the Formula I motor racing circuit. For Augustv2020, it budgeted to manufacture and sell 3,300 tires at a variable cost of $72 per tire and total fixed costs of $55,000. The budgeted selling price was $107 per tire. Actual results in August 2020 were 3,100 tires manufactured and sold at a selling price of $110 per tire. The actual total variable costs were $248,000, and the actual total fixed costs were $51,500. Requirements 1. Prepare a performance report with a flexible budget and a static budget. 2. Comment on the results in requirement 1. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. Actual Results Units sold Revenues Variable costs Contribution margin Fixed costs Operating income 1. Prepare a performance report with a flexible budget and a static budget. 2. Comment on the results in requirement 1..