Daytec Companys fixed budget performance report for June follows. The $440,000 budgeted expenses include $300,000 variable expenses

Question:

Daytec Company€™s fixed budget performance report for June follows. The $440,000 budgeted expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expensesseparately.