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Question Help E7-21 (book/static) Sweeney Enterprises manufactures tires for the Formula 1 motor racing circuit...

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Question Help E7-21 (book/static) Sweeney Enterprises manufactures tires for the Formula 1 motor racing circuit For August 2017. a budgeted to manufacture and sell 3.600 tires at a variable cost of 71 per tire and total fixed costs of $55,000. The budgeted selling price was 5114 per tire. Actual results in August 2017 were 3.500 tires manufactured and sold at a eling price of $116 per tire. The actual total variable costs were $200,000, and the actual total fixed costs were $$1,000 Read the requirement Requirement 1. Prepare a performance report that uses a flexible budget and a static budget. Begin with the actual result, the complete the fexitle budget columna and the state budget columns Label och variance as favorable or untevoruble. (For variances with a blanca, make sure to enter in the road tende variance is er, do not selectabel) Actual Results Units sold Revenues Variable costs Contribution margin Fixed cost Operating income

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