Solitaire Companys fixed budget performance report for June follows. The $315,000 budgeted expenses include $294,000...
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| Solitaire Companys fixed budget performance report for June follows. The $315,000 budgeted expenses include $294,000 variable expenses and $21,000 fixed expenses. Actual expenses include $27,000 fixed expenses. |
| Fixed Budget | Actual Results | Variances | ||||||||
| Sales (in units) | 8,400 | 10,800 | ||||||||
| Sales (in dollars) | $ | 420,000 | $ | 540,000 | $ | 120,000 | F | |||
| Total expenses | 315,000 | 378,000 | 63,000 | U | ||||||
| Income from operations | $ | 105,000 | $ | 162,000 | $ | 57,000 | F | |||
| Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. |
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