Check my work Exercise 21-5 Preparing a flexible budget performance report LO P1 Bay City Company's foed budget performance report for Jully follows The $440,000 budgeted total expenses include $300,000 variable expenses and $10,000 foed expenses Actual expenses include $130,000 foed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 6,00 $4517,00 440.6 $ 40,00 Actual Results 4,900 5436,10 400,00 $ 32, 100 543,900 36,00 $ 7,00 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.Jun.