Question: Please note the following choices to choose from (Contribution margin, Fixed expenses, Sales, Variable expenses, & Income from operations) Exercise 8-3 Preparing a flexible budget
Please note the following choices to choose from (Contribution margin, Fixed expenses, Sales, Variable expenses, & Income from operations)


Exercise 8-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $330,000 budgeted expenses include $272,800 variable expenses and $57,200 fixed expenses. Actual expenses include $64,700 fixed expenses Actual Fixed Budget Variances Results 11,200 $560,000 392,000 $168,000 Sales (in units) 8,800 Sales (in dollars) Total expenses $440,000 330,000 $110,000 $120,000 F 62,000 tU $ 58,000 F Income from operations 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
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