Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $322,500 budgeted expenses include $275,200 variable expenses and $47,300 fixed expenses. Actual expenses include $55,100 fixed expenses Actual Fixed Budget Variances Results Sales (in units) Sales (in dollars) Total expenses Income from operations 8,600 $430,000 322,500 $107,500 11,000 $550,000 385,000 $165,000 $120,000F 62,500 U $ 57,500 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 ResultsVariances Fav./Unf les riable expenses Contribution margin xed expenses Income from operation s |