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Solitaire Companys fixed budget performance report for June follows. The $623,000 budgeted expenses include $585,620 variable expenses and $37,380 fixed expenses. Actual expenses include $49,380
Solitaire Companys fixed budget performance report for June follows. The $623,000 budgeted expenses include $585,620 variable expenses and $37,380 fixed expenses. Actual expenses include $49,380 fixed expenses. |
Fixed Budget | Actual Results | Variances | |||||||
Sales (in units) | 8,300 | 10,700 | |||||||
Sales (in dollars) | $ | 830,000 | $ | 1,070,000 | $ | 240,000 | F | ||
Total expenses | 623,000 | 747,600 | 124,600 | U | |||||
Income from operations | $ | 207,000 | $ | 322,400 | $ | 115,400 | F | ||
Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. (Do not round intermediate calculations.) |
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