Return to question 2 Solitaire Company's fixed budget performance report for June follows. The $315,000 budgeted expenses include $277,200 variable expenses and $37,800 fixed expenses. Actual expenses include $45,200 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,400 $420,000 315,000 $105,000 Actual Results 10,800 $540,000 378,000 $ 162,000 $120,000 F 63,000 $ 57,000 F Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. Answer is complete but not entirely correct. SOLITAIRE COMPANY Flexible Budget Performance Report For Month Ended June 30 Flexible Actual Variances Budget Results Fav./Unf. 8,400 S 10,800 No variance 277,200 $ 332,800 55,600 X Unfavorable S 142,800 $ 207,200 $ 64.400 Favorable 37,800 45,200 7,400 Unfavorable $ 105,000 $ 162,000 $ 57,000 Favorable Sales Variable expenses Contribution margin Fixed expenses Income from operations