Reference no: EM132947

Question :

Business Solutions' second quarter 2012 fixed budget performance statement for its computer furniture operations follows. The $178,460 budgeted expenses add $125,460 in variable expenses for desks and $21,000 in variable expenses for chairs, as well as $32,000 fixed expenses. The real expenses include $33,500 fixed expenses.

                                         Fixed Budget           Actual Results       Variances

Desk sales (in units)                153                           159

Chair sales (in units)                 60                            68

Desk sales (in dollars)           $205,020                $211,470             $6,450 F

Chair sales (in dollars)          $33,000                   $38,420               $5,420 F

Total expenses                      $178,460                $188,140             $9,680 U

Income from operations         $59,560                  $61,750               $2,190 F

Purpose a flexible budget performance report that indicates any variances between budgeted results and actual results.