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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
Variances
Sales (in units)
8,100
10,500
Sales (in dollars)
$405,000
$525,000
$120,000 F
Total expenses
303,750
367,500
100,200 U
Income from operations
$137,700
$157,500
$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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