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Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,000 fixed expenses.
Fixed Budget
Actual Results
Desk sales (in units)
144
150
Chair sales (in units)
72
80
Desk sales (in dollars)
180,000
186,000
Chair sales (in dollars)
36,000
41,200
Total expenses
156,000
163,880
Income from operations
60,000
63,320
Prepare flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.
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