Solitaire Companys fixed budget performance report for June follows. The $300,000 budgeted expenses include $248,000 variable expenses and $52,000 fixed expenses. Actual expenses include $60,100 fixed expenses.

	Fixed Budget			Actual Results			Variances
Sales (in units)		8,000			10,400
Sales (in dollars)	$	400,000		$	520,000		$	120,000	F
Total expenses		300,000			364,000			64,000	U
Income from operations	$	100,000		$	156,000		$	56,000	F

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