Solitaire Company's fixed budget performance report for June follows. The $303750 budgeted expenses include $251,100 variable expenses and $52.650 fixed expenses. Actual expenses include $61,550 fixed expenses Fixed Budget Actual Results Variances Sales (in units) 8,100 405,00e 10,500 $525,000 Sales (in dollars) Total expenses $126,800 Income fros operat ions $101,250 $157,500 $ 56,258 F Prepare a flexible budget performance report showing any variances between expenses separately budgeted and actual results. List fixed and variable 3 Answer is complete but not entirely correct. SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 Flexible ActualV Varlances Fav/Unf. 435000 S 555000s 120.000 3 Unfavorable Sales Variable expenses 29580034985054050Favorable Is 139 200 Os 205 150 O s )Favorable Contribution margin Fixed expenses Income from operations 65 950 O 30,450 38650 200Untavorabie 108 750 Os 166.5000 s 750 57,750Favorable