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Prepare a flexible budget performance report

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Question - Solitaire Company's fixed budget performance report for June follows. The $303.750 budgeted expenses include $267,300 variable expenses and $36,450 fixed expenses. Actual expenses include $42,750 fixed expenses.

 

Fixed Budget

Actual Results

Variances

Sales (in units)

8,100

10,500

 

Sales (in dollars)

$405,000

$525,000

$120,000 F

Total expenses

303,750

367,500

100,200 U

Income from operations

$137,700

$157,500

$19,800 F

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

Reference no: EM131599495

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