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Solitaire Company's fixed budget performance report for June follows. The $330,000 budgeted expenses include $308,000 variable expenses and $22,000 fixed expenses. Actual expenses include $29,300
Solitaire Company's fixed budget performance report for June follows. The $330,000 budgeted expenses include $308,000 variable expenses and $22,000 fixed expenses. Actual expenses include $29,300 fixed expenses Actual Fixed Budget Variances Results Sales (in units) 11,200 8,800 $440,000 330,000 Sales (in dollars) Total expenses $120,000 F 62,000 U $560,000 392,000 58,000 F Income from operations $110,000 $168,000 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 Fav./Unf. Contribution margin
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