Reference no: EM131588438

Question - Solitaire Company's fixed budget performance report for June follows. The $660,000 budgeted expenses include $620,400 variable expenses and $39,600 fixed expenses. Actual expenses include $51,600 fixed expenses.

Fixed BudgetActual ResultsVariances  Sales (in units)  8,800   11,200           Sales (in dollars)$ 880,000 $ 1,120,000 $ 240,000 F  Total expenses  660,000   792,000   132,000 U      Income from operations$ 220,000 $ 328,000 $ 108,000 F    

Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. (Do not round intermediate calculations.)