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Enterprises manufactures tires for the Formula 1 motor racing circuit. CoursHeroTranscribedText: Carlson Enterprises manufactures...

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Accounting

Enterprises manufactures tires for the Formula 1 motor racing circuit.

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CoursHeroTranscribedText: Carlson Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 2,800 tires at a variable cost of $78 per tire and total fixed costs of $52,500. The budgeted selling price was $107 per tire. Actual results in August 2017 were 2,700 tires manufactured and sold at a selling price of $109 per tire. The actual total variable costs were $226,800, and the actual total fixed costs were $48,000. Read the requirements Requirements X et. et columns. Label each variance ppropriate field. If the variance is 1. Prepare a performance report that uses a flexible budget and a static budget. 2. Comment on the results in requirement 1. Static Budget Print Done

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