Solitaire Companys fixed budget performance report for June follows. The $322,500 budgeted expenses include $292,400...
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Solitaire Companys fixed budget performance report for June follows. The $322,500 budgeted expenses include $292,400 variable expenses and $30,100 fixed expenses. Actual expenses include $37,500 fixed expenses.
Solitaire Company's fixed budget performance report for June follows. The $322,500 budgeted expenses include $292,400 variable expenses and $30,100 fixed expenses. Actual expenses include $37,500 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,600 $430,000 322,500 $107,500 Actual Results 11,000 $550,000 385,000 $165,000 $120,000 F 62,500 U $ 57,500 F 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. Sales Contribution margin
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