Solitaire Company's fixed budget performance report for June follows. The $300,000 budgeted expenses include $256,000 variable expenses and $44,000 fixed expenses. Actual expenses include $51,800 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 8,000 $400,000 380,000 $100,000 Actual Results 10,400 $520,000 364,000 $156,000 $120,000 F 64,000 U $ 56,000F 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/Unt. Sales Variable expenses Contribution margin Fored expenses Income from operations No variance Favorable Favorable Unfavorable Favorable