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Solitaire Companys fixed budget performance report for June follows. The $630,000 budgeted expenses include $697,200 variable expenses and $67,200 fixed expenses. Actual expenses include $79,200
Solitaire Companys fixed budget performance report for June follows. The $630,000 budgeted expenses include $697,200 variable expenses and $67,200 fixed expenses. Actual expenses include $79,200 fixed expenses.
| Fixed Budget | Actual Results | Variances | ||||||||
| Sales (in units) | 8,400 | 10,800 | ||||||||
| Sales (in dollars) | $ | 840,000 | $ | 1,080,000 | $ | 240,000 | F | |||
| Total expenses | 630,000 | 756,000 | 126,000 | U | ||||||
| Income from operations | $ | 210,000 | $ | 324,000 | $ | 114,000 | 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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