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Solitaire Company’s fixed budget performance report for June follows. The $315,000 budgeted expenses include $268,800 variable...

Solitaire Company’s fixed budget performance report for June follows. The $315,000 budgeted expenses include $268,800 variable expenses and $46,200 fixed expenses. Actual expenses include $54,100 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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