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Prepare a flexible budget performance report showing

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Question :

Solitaire Company's fixed budget performance report for June follows. The $311,250 budgeted expenses include $265,600 variable expenses and $45,650 fixed expenses. Actual expenses include $52,550 fixed expenses.

 

Fixed Budget

Actual
Results

Variances

 

Sales (in units)

8,300

10,700

 

Sales (in dollars)

$415,000

$535,000

$120,000F

Total expenses

311,250

374,500

63,250U

Income from operations

$103,750

$160,500

$ 56,750F

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

Reference no: EM132317327

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