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Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $315,000 budgeted expenses include $260,400
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $315,000 budgeted expenses include $260,400 variable expenses and $54,600 fixed expenses. Actual expenses include $61,600 fixed expenses Actual Fixed Budget Results Sales (in units) Sales (in dollars) Total expenses Income from operations 8,400 $420,000 10,800 $540,000 378,000 $120,000 F 63,000 U $105,000 $162,000 57,000 Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately
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