Solitaire Companys fixed budget performance report for June follows. The $622,500 budgeted expenses include $722,100 variable expenses and $99,600 fixed expenses. Actual expenses include $111,600 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		622,500			749,000			126,500	U
Income from operations	$	207,500		$	321,000		$	113,500	F

Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately.

1. value: 2.40 points Solitaire Company's fixed budget performance report for June follows. The $622,500 budgeted expenses include $722,100 variable expenses and $99,600 fixed expenses. Actual expenses include $111,600 fixed expenses. Fixed Budget Actual Results Variances 8,300 10,700 Sales (in units) Sales (in dollars) Total expenses $830,000 622,500 $1,070,000 749,000 $240,000 F 126,500 U Income from operations $207,500 $ 321,000 $113,500 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 Actual Vari Budget Results Favorable! ances Unfavorable Contribution margin Hints References eBook & Resources 1. value: 2.40 points Solitaire Company's fixed budget performance report for June follows. The $622,500 budgeted expenses include $722,100 variable expenses and $99,600 fixed expenses. Actual expenses include $111,600 fixed expenses. Fixed Budget Actual Results Variances 8,300 10,700 Sales (in units) Sales (in dollars) Total expenses $830,000 622,500 $1,070,000 749,000 $240,000 F 126,500 U Income from operations $207,500 $ 321,000 $113,500 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 Actual Vari Budget Results Favorable! ances Unfavorable Contribution margin Hints References eBook & Resources