Question: Daytec Companys 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

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.

Fixed Budget Actual Results Variances 4,800 $422.400 $57.600U 394,000 46,000 F 6,000 Sales (in dollars) . .. . Total expenses Income from operations. .$480,000 440,000 $40,000 $ 28.400 $11.600 U

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