Solitaire Company's fixed budget performance report for June follows. The $303,750 budgeted expenses include $259,200 variable expenses and $44,550 fixed expenses. Actual expenses include $50,850 fixed expenses. Actual Fixed Budget Variances Results Sales (in units) 8,100 10,500 $120,000 F 63,750 U $525,000 367,500 Sales (in dollars) Total expenses $405,000 303,750 $56,250 F $101,250 $157,500 Income from operations Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. Answer is complete but not entirely correct. SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 Actual Flexible Fav./Unf. Variances Budget Results Sales $ 525,000 No variance 525,000 Variable expenses 336,000 314.850 21,150 Favorable Contribution margin 21,150 Favorable 189,000 $ 210,150 X $ 8,100 Unfavorable 44,550 Fixed expenses 52,650 13,050 Favorable 144,450 $ 157,500 $ Income from operations