Exercise 8-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $315,000 budgeted expenses include $285,600 variable expenses and $29,400 fixed expenses. Actual expenses include $37,400 fixed expenses. Actual Reaults 10, 800 6540,000 378,000 G162, 000 Fixed Budget Variancea Book Sales (in units) 8, 400 Hint Sales (in dollars) Total expenses 6420, 000 315,000 6120,000 F 63,000 U Ack Income fron operations 105,000 57,000 Print aforencos 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./Unt Sales Vanable expenses Contribution margin 540,000 S 540,000 oNo variance 18.400 Favorable (18,400) Favorable 7.000 Unfavorable 378.000 316 400 205,200 223,600 Fixed expenses 54,600 61.600 Income from operations 150,600 162,000 $ 11.400 Favorable Mc Graw 1 of 1 Prey Next E e e Type here to search