Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $284,800 variable expenses and $48,950 fixed expenses. Actual expenses include $57,250 fixed expenses Actual Fixed Budget Variances Results 8,900 11,300 $565, 000 395,500 $169,500 Sales (in units) Sales (in dollars) Total expenses $445, 000 333,750 $111,250 $120,000 F 61,750 U 58,250 F Income from operations 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 ResultsVariances Fav./Unf Sales 565,000 $ 565,000 riable expenses Contribution margin ixed expenses 57,250 Income from operations