Exercise 8-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $307,500 budgeted expenses include $270,600 variable expenses and $36,900 fixed expenses. Actual expenses include $44,100 fixed expenses Actual Fixed Budget Variances Results Sales (in units) Sales (in dollars) Total expenses Income from operations 8,200 10,600 $530,000 371,000 $159,000 $410,000 307,500 $120,000 F 63,500 U $102,500 $ 56,500 F Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately 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 Contribution margin