Question
Solitaire Companys fixed budget performance report for June follows. The $333,750 budgeted expenses include $302,600 variable expenses and $31,150 fixed expenses. Actual expenses include $37,250
Solitaire Companys fixed budget performance report for June follows. The $333,750 budgeted expenses include $302,600 variable expenses and $31,150 fixed expenses. Actual expenses include $37,250 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 8,900 11,300 Sales (in dollars) $ 445,000 $ 565,000 $ 120,000 F Total expenses 333,750 395,500 61,750 U Income from operations $ 111,250 $ 169,500 $ 58,250 F Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately.
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