Q)

Business Solutions' second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $178,110 budgeted expenses include $124,950 in variable expenses for desks and $17,160 in variable expenses for chairs, as well as $36,000 fixed expenses. The actual expenses include $38,000 fixed expenses. List fixed and variable expenses separately.

Fixed Budget				Actual Results				Variances
Desk sales (in units)			147				153
Chair sales (in units)			66				74
Desk sales		$	194,040			$	200,430			$	6,390	F
Chair sales			38,280				44,030				5,750	F
Total expenses			178,110				187,730				9,620	U
Income from operations		$	54,210			$	56,730			$	2,520	F

Prepare a flexible budget performance report that shows any variances between budgeted results and actual results

BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Actual Results Variance Unfavorable Dosk sales Chair sales Variable expenses Contribution margin Fixed expenses Income from operations Favorable Unfavorable Unfavorable