Solitaire Company's fixed budget performance report for June follows. The $330,000 budgeted expenses include $281,600 variable expenses and $48,400 fixed expenses. Actual expenses include $55,900 fixed expenses. Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget Actual Results Variances 8,8003311, 2003 $440,000 $560,000 $120,000 F 330,000 3 92,000 62,000 U $110,000 $168,000 $ 58,000 Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 Flexible Budget Actual Results Variances S 560,000 S 560,000 358.4007 3 02,5001 55.900 Favorable $ 168.000 $ 223,900 $ 55.900 Favorable 48,400 55,900 7.500 Unfavorable $ 119,600 $ 168,000 $ 48,400 Favorable O No variance Sales Variable expenses Contribution margin Fixed expenses income from operations