Prepare a flexible budget performance report
Course:- Accounting Basics
Reference No.:- EM131599495

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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


Sales (in units)




Sales (in dollars)



$120,000 F

Total expenses



100,200 U

Income from operations



$19,800 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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