Solitaire Company\'s fixed budget performance report for June follows. The $3187

Question

Solitaire Company's fixed budget performance report for June follows. The $318750 budgeted expenses include $280.500 variable expenses and $38.250 fixed expenses Actual expenses include $46.750 fixed expenses. Actualll Vari ances Fixed Budget Results 8,500 18,900 $425,000$545,000$120,eoeF Sales (in units) Sales (in dollars) Total expenses Income from operations 62.750 U $ 57,25eF $186,25 $163,500 Prepare a flexible budget performance report showing any variances between budgeted and actual resuts. List fixed and variable expenses separately SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 FavJUnf Flexible Budget Actual Results Variances 545,000 S545,000 $ No vanance ixed expenses ncome from operations Prgy 904 18111 Next >

Explanation / Answer

SOLITAIRE COMPANY Flexible Budget Performance Report For Month ended June 30 Flexible Budget Actual Results Variances Fav/Unfav Sales 545000 545000 0 No Variance Variable Expenses 359700 334750 24950 Fav Contribution Margin 185300 210250 24950 Fav Fixed Expenses 38250 46750 -8500 Unfav Income from Operations 147050 163500 16450 Fav

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