Exercise 8-3 Preparing a flexible budget performance report LO P1 Soltalre Company's fixed budget performance report for June follows. The $322,500 budgeted expenses include $292 400 vartable expenses and $30100 fixed expenses. Actual expenses Include $38,500 fixed expenses. ActualVariances Fixed Budget 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 ook $120,000 F 62, 500 D s 57,500 F int Prepare a fiexible budget performance report showing any varlances between budgeted and actual results. List fixed and expenses separately Ask SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 Print Fav./Unf. Flexible Budget Actual Resuits Variances Contribution margin