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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $172.240 budgeted expenses include $117,260 in variable expenses for desks
Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $172.240 budgeted expenses include $117,260 in variable expenses for desks and $17,980 in variable expenses for chairs, as well as $37,000 of fixed expenses. Actual fixed expenses total $38,900. Fixed Budget Actual Results Variances Desk sales (in units) 143 1491 62 70 Chair sales (in units) Desk sales Chair sales Total expenses $ 183,040 37,200 172,240 $ 189,230 43,050 181,850 $ 6,190 F 5,850 F 9,610 U Income $ 48,000 $ 50,430 $ 2,430 F Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) For Quarter Ended June 30 BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable/Unfavorable. Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income
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