Solitaire Company’s fixed budget performance report for June follows. The $615,000 budgeted expenses include $578,100 variable expenses and $36,900 fixed expenses. Actual expenses include $48,900 fixed expenses.

Solitaire Company’s fixed budget performance report for June follows. The $615,000 budgeted expenses include $578,100 variable expenses and $36,900 fixed expenses. Actual expenses include $48,900 fixed expenses.

 

	Fixed Budget			Actual Results			Variances
Sales (in units)		8,200			10,600
Sales (in dollars)	$	820,000		$	1,060,000		$	240,000	F
Total expenses		615,000			738,000			123,000	U
Income from operations	$	205,000		$	322,000		$	117,000	F

Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. (Do not round intermediate calculations.)   Explanation:   Supporting computations       Total fixed budget sales $ 820,000     Total fixed budget units ÷ 8,200       Budgeted selling price (per unit) $ 100     Flexible budget units × 10,600       Flexible budget sales $ 1,060,000       Total fixed budget variable expenses $ 578,100     Total units budgeted ÷ 8,200       Budgeted variable expenses (per unit) $ 70.50     Flexible budget units × 10,600       Flexible budget variable expenses $ 747,300       Total actual expenses $ 738,000     Less actual fixed expenses   48,900       Total actual variable expenses $ 689,100