Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The...
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Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $155,530 budgeted expenses include $108,750 in variable expenses for desks and $13,780 in variable expenses for chairs, as well as $33,000 fixed expenses. The actual expenses include $34,900 fixed expenses. List fixed and variable expenses separately.
Fixed Budget
Actual Results
Variances
Desk sales (in units)
145
151
Chair sales (in units)
53
61
Desk Sales
$ 184,150
$ 190,260
$6,110 F
Chair Sales
31,270
36,905
5,635 F
Total Expenses
155,530
164,440
8,910 U
Income from operations
59,890
62,725
2,835 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
flexible budget
actual results
variances
Fav./Unf
desk sales
chair sales
variable expense
Contribution margin
Fixed Expenses
Income from operations
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