- 21 Homework Help Save & Exit Submit Check my werk Exercise 21-5 Preparing a flexible budget performance report LO P1 Bay City Company's fixed budget performance report for July follows. The $513.000 budgeted total expenses include 5350,000 variable expenses and S163,000 foed expenses. Actual expenses include 5153,000 foved expenses. Fixed Budget Actual Results Variances Sales (in units) 7.000 3.10 Sales (in dollars) 5560,000 3519,200 $40,000 Total expenses 533.000 479,600 14,000 Income from operations $ 47,000 $40,200 $6.000 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results List fixed and variable expenses separately indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 21 F! Naxd 1 Homework Sa Help Save & Exit Submit Check my work Prepare a flexible budget performance report that shows any variances between budgeted results and actual results List fixed and variable expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations. Round your final answers to whole dollars.) BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget Actual results Variances Fav. Un