Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $337,500 budgeted expenses include $297,000 variable expenses and $40,500 fixed expenses. Actual expenses include $48,900 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 9,000 $450,000 337,500 $112,500 Actual Results 11,400 $570,000 399,000 $171,000 $120,000 F 61,500 U $ 58,500 F Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 Flexible Budget Actual Results Variances Fav./Unf. Sales Variable expenses Contribution margin Fixed expenses Income from operations